The correct answer is C) the fact that people sometimes base perceptions of quality on price (snob effect).
A well-known women's college whose tuition lagged below similar schools found recruiting difficult and enrollment falling. A substantial tuition increase was implemented, and dormitories were soon full again. This can be explained by the fact that people sometimes base perceptions of quality on price (snob effect).
In microeconomics, in the snob effect, the demand for some goods that are considered expensive are more demanded. If people that have the money to spend of something assumes that the price of the product is cheap, these people think that the product has low quality. But if the same product is expensive, they consider that the product has quality and is well worth it. That is why, in the case of the college, when the price of tuition increased, people started to trust again in the school and the dorms were full.
Answer:
[federal] U.S. District Court .
Explanation:
Answer:
Most of them wouldn't agree with the sentiment.
Explanation:
The welfare program created by the Britain was aimed to provide several aids or the poor people in Britain. These aids do not discourage people to work. They only cover basic necessities that most people have (such as food and shelter)
Ever since the implementation of welfare programs, the average standard of living in Britain has been gradually increasing. Along with the average employment and life expectancy.
