Business, 02.04.2020 01:35 kortetsosie8813
Suppose that Nowhere State University (NSU) seeks to increase its total revenue from tuition paid by students. To do this, NSU decides to increase the tuition it charges to students. In order for this strategy to work, the demand for NSU education must be . Suppose the true price elasticity of demand for NSU education is 1.4. To expand revenue earned by NSU, the university should the tuition it charges students.
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