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Elasticity affect demand for higher education at college

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Reference no: EM13159556

Would you expect the price elasticity of demand to be higher at the level of an individual school or at the aggregate level (e.g., all 4-year colleges and universities)? Why?

Despite the empirical evidence to the contrary, college decision-makers often believe that their price elasticity of demand is essentially zero. Is that right?

How important were price considerations in making your college decision? Would a change of a few thousand dollars have mattered?

Would you expect the price elasticity of demand to be higher for financial-aid students or for non-aid students? Why?

How does a student's income elasticity affect the demand for higher education at College?

Reference no: EM13159556

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