What is the elasticity of demand for college education?

label Economics
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

a decrease in tuition fees will decrease  your college's total revenue if the price elasticity of demand for college education is, greater than 1, greater than zero and less than 1, negative, or equal to 1?

Jul 24th, 2015

Thank you for the opportunity to help you with your question!

 greater than zero and less than 1


is the right choice

Please let me know if you need any clarification. I'm always happy to answer your questions.
Jul 24th, 2015

Studypool's Notebank makes it easy to buy and sell old notes, study guides, reviews, etc.
Click to visit
The Notebank
...
Jul 24th, 2015
...
Jul 24th, 2015
Oct 22nd, 2017
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer