Suppose that college tuition is higher this year than last year and that more students are enrolled in college this year than last year. Based on this information, we can best conclude that: a.the law of demand is invalid. b.despite the increase in price, quantity demanded rose due to some other factor changing. c.this situation has nothing to do with the law of demand. d.the demand for a college education is positively sloped.
Suppose that college tuition is higher this year than last year and that more students are enrolled in college this year than last year. Based on this information, we can best conclude that: a.the law of demand is invalid. b.despite the increase in price, quantity demanded rose due to some other factor changing. c.this situation has nothing to do with the law of demand. d.the demand for a college education is positively sloped.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Suppose that college tuition is higher this year than last year and that more students are enrolled in college this year than last year. Based on this information, we can best conclude that:
a.the
b.despite the increase in
c.this situation has nothing to do with the law of demand.
d.the demand for a college education is positively sloped.
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