Micro economics

In a discussion of tuition rates, a university official argues that the demand for admission is completely price in” rel=”nofollow”>inelastic. As evidence, she notes that while the university had doubled in” rel=”nofollow”>in tuition over the past 15 years, neither the number nor the quality of students applyin” rel=”nofollow”>ing has decreased.
Would you accept her argument? Explain” rel=”nofollow”>in.

How does the role of the price elasticity of demand affect decisions that are made on pricin” rel=”nofollow”>ing within” rel=”nofollow”>in markets?

find the cost of your paper