5. A college raises its tuition from $200 per unit to $250 per unit, and student enrollment declines from 487 to 470. (a) Compute the coefficient of the price elasticity of demand.

typically a loft will include modern kitchen and bathrooms, this increases the price tag. lofts also have a good amount of open space, this requires more heating and electricity. lofts are also in older buildings, this means that maintaining the location increases the bill. keep in mind this is without talking about the high state and property taxes.

i hope this you! : )

answer; i believe the correct answer is (sales promotion;

i might look it up later.