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zzz [600]
3 years ago
10

A college raises its annual tuition by​ 25%, and its student enrollment falls by​ 3.5%. Compute the price elasticity of demand.

Is demand elastic or​ inelastic? Will TR​ increase, decrease, or remain the​ same? ED​ = nothing ​(round at 2 decimal​ places). What are the units for​ elasticity? A. ​$ B. qty C. elasticity does not have a​ unit; it is just a number D. ​%
Business
1 answer:
Diano4ka-milaya [45]3 years ago
6 0

Answer:

Elasticity does not have a unit because it is a pure number

Demand is Elastic

TR decrease due to the demand been elastic. a rise in tuition fee causes the total revenue to decrease

Explanation:

Tuition fees increment  by 25%

Student enrollment decreases by 3.5%

Price elasticity of demand=%change in quantity demanded / %change in price

                                            =  -3.5/ 2.5

                                             = -1.40

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3 years ago
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8 0
2 years ago
Dannon Co. reported its expenses of $35,200 on the cash basis. Corporate records revealed the following information: Beginning p
Elena-2011 [213]

Answer:

Explanation:

The computation of expense amount is shown below:

=  Expenses - adjusted prepaid expense + adjusted accrued expense

= $35,200 - $500 -  $450

=  $34,250

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8 0
3 years ago
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3 years ago
A relocation of a short stretch of rural highway feeding into Route 390 northwest of Dallas is to be made to accommodate new gro
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Answer:

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