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Korolek [52]
3 years ago
11

Facing stiff competition, Hendrix College, a small liberal arts institution in Conway, Ark., decided two years ago to bolster it

s academic offerings, promising students at least three hands-on experiences outside the classroom, including research, internships and service projects. Although it raised tuition and fees by 29 percent, enrollment in the freshman class rose by 37 percent. (Source: Jonathan D. Glater and Alan Finder, "In New Twist on Tuition Game, Popularity Rises With the Price," New York Times, December 12, 2006) Based on the information above, the demand for Hendrix College education is
Business
1 answer:
Marianna [84]3 years ago
6 0

Answer:

Inelastic

Explanation:

Price elasticity of demand (PED) is the proportional change in quantity demanded of a good or service if the price changes by 1%. The PED is calculated by dividing the percentage change in quantity demanded by the negative percentage change in price.

PED = 37% / -25% = -1.48 inelastic

If PED > 1, elastic demand

If PED < 1, inelastic demand

If PED = 1, unitary demand

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<span>C</span>
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Select all that apply Benefits of small amounts of inflation include Multiple select question. more expansionary monetary policy
EleoNora [17]

Benefits of small amounts of inflation include more expansionary monetary policy, the placebo effect, and the facilitation of relative price changes.

<h3>What is meant by inflation?</h3>

Inflation is the term used to describe the rate of price rise for goods and services.

It is sometimes used to categorize inflation according to cost-push, demand-pull, and built-in factors.

The two most popular inflation measures are the Consumer Price Index and the Wholesale Price Index.

Inflation can be viewed favorably or badly depending on the perspective and rate of change.

Inflation may be advantageous for those who own tangible assets since it will raise the value of their holdings, such as real estate or goods that are kept in storage.

Inflation's primary causes include:

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Benefits of Inflation: In order to meet increasing demand, production must increase. Additionally, debtors benefit from inflation because they can return their loans with funds that are less valuable than the funds they borrowed. This promotes borrowing and lending, which boosts expenditure on all levels once more.

To know more about inflation refer to:  brainly.com/question/15692461

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6 0
2 years ago
The oil price shocks of 20062009: Between 2006 and the middle of 2008, oil prices rose sharplyfrom around $60 to more than $140
dolphi86 [110]

Answer:

A supply shock is an unpredictable incident that changes the supply of a product or a service, subsequent in an unexpected modification in its value. Supply shocks can be undesirable (decreased supply) or optimistic (increased supply)

(a) The two types of shock which are:  

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The method by which consumers acquire products and services
Mariulka [41]
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Closeout stores. ...
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Honest Tea's mission statement is "Honest Tea seeks to create and promote great-tasting, organic beverages. We strive to grow ou
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Answer:

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