Business, 27.08.2019 00:00, abdullahs4639

Aliberal arts college in new hampshire recently determined that the price elasticity of demand for attending their school is │ed│= 1.33. the administration is considering a tuition change to balance their budget. the best revenue-maximizing strategy is toa. decrease tuition, which should boost enrollment and increase revenue. b. leave tuition as it is, changing tuition would not the budget. c. increase tuition, which would generate more revenue. d. do nothing based on this information. information regarding elasticity is not relevant when making decisions that affect revenue.

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Aliberal arts college in new hampshire recently determined that the price elasticity of demand for a...