chould tuition because the demand for education at this university is

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
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Chapter3: Demand Analysis
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A university conducts a survey of students, which shows that a 20 percent tuition hike would lead to a 5 percent decrease in enrollment. If the university wants to increase its total revenue, it
should
tuition because the demand for education at this university is
Transcribed Image Text:A university conducts a survey of students, which shows that a 20 percent tuition hike would lead to a 5 percent decrease in enrollment. If the university wants to increase its total revenue, it should tuition because the demand for education at this university is
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