Would you expect the price elasticity of demand to be

Reference no: EM13376036

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: EM13376036

Questions Cloud

1 a describe the four market types by writing a separate : 1. a. describe the four market types by writing a separate paragraph for each. in your response for each market type be

A compare the initial sum of profits of the two individual : a compare the initial sum of profits of the two individual firms p1 p2 with the profits of the merged firm pa. explain

Answer the following questions based on the graph that : answer the following questions based on the graph that represents j.r.s demand for ribs per week of ribs at judys rib

Consider a simple two person economy in which the two : consider a simple two person economy in which the two citizens curly and moe can produce two different goods butter and

Would you expect the price elasticity of demand to be : would you expect the price elasticity of demand to be higher at the level of an individual school or at the aggregate

Pricing strategy varies significantly across different : pricing strategy varies significantly across different market structures. the pricing guidelines in a monopoly market

Part-1q1 externalities are third party consequence of some : part-1q1 externalities are third party consequence of some other action. they can be positive or negative externalities

1 a firm in a competitive market invents a new method of : 1. a firm in a competitive market invents a new method of production that lowers its marginal costs. what happens to

Problem 1 luke likes to consumer cds good1 and pizzas good : problem 1 luke likes to consumer cds good1 and pizzas good 2. his preference over both goods is given by the utility

User Account

All Pages