Imagine that tuition fee for your schooling has increased by 20%. How do you think this will affect demand and consumer behavior? Why? How w

Question

Imagine that tuition fee for your schooling has increased by 20%. How do you think this will affect demand and consumer behavior? Why? How would you describe the elasticity of your tuition? Explain​

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Liliana 1 month 2021-08-13T18:18:25+00:00 1 Answer 0 views 0

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    2021-08-13T18:19:47+00:00

    Answer:

    When the demand for a good is highly elastic, consumers make drastic changes to the quantity they demand in response to relatively small changes in price. … Conversely, when the demand for a good is highly inelastic, consumers respond very little to changes in price.

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18:9+8+9*3-7:3-1*13 = ? ( )