A study of about 1,800 U. S. colleges and universities resulted in the demand equation q = 9,900 - 2p, where q is the enrollment at a college or university, and p is the average annual tuition (plus fees) it charges. (a) The study also found that the average tuition charged by universities and colleges was $2,700. What is the corresponding price elasticity of demand? (Round your answers to two decimal places.)
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A study of about 1,800 U. S. colleges and universities resulted in the demand equation q = 9,900 - 2p, where q is the enrollment at a ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Vertical analysis is a technique that expresses each item in a financial statement A. as a percent of the item in the previous year. B. in dollars and cents. C. starting with the highest value down to the lowest value. D.
Answers (1)
Which of the following is true about the leveraging effect? Interest on debt can be deducted from pre-tax income, resulting in a greater taxable income and a smaller available operating income.
Answers (1)
What is one of the best ways to determine what kind of business you'll enjoy? A. Buy an established business. B. Create one related to what you do in your free time. C. Get advice from a professional. D.
Answers (2)
When a country that imports shoes imposes a tariff on shoes, buyers of shoes in that country become worse off. a. true b. false?
Answers (1)
On which of the following goods or services might a tax increase be hardest to pass on to consumers? A) automatic car washes b) groceries c) gasoline d) perscription medications
Answers (1)
New Questions in Business
Corporations have more ways to raise to pay for productive resources than small firms or not-for-profit organizations.
Answers (1)
Thom owes $8,600 on his credit card. The credit card carries an APR of 19.1 percent compounded monthly.
Answers (1)
Dana was a stay-at-home mother until her recent divorce. she went back into the paid workforce to provide for her child. she loves her job but is concerned that she is not at home to spend more time with her child. should dana be worried about this?
Answers (1)
Explain how each of the following relates to the financial crisis of 2007-2008: Declines in real-estate values. Subprime mortgage loans. Mortgage-backed securities.
Answers (1)
Which assumption or principle requires that all information significant enough to affect decisions of reasonably informed users should be reported in the financial statements? Going concern. Historical cost. Full disclosure. Matching.
Answers (1)