Exam (elaborations)
Test 4 - Chapter 12 - Demand and Revenue Management
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Tuition at a public university / tuition at a private university - Tuition at a private university will suffer from a greater price elasticity of demand because an increase on the price of tuition at a private university will make students find a public university where prices are lower, thus, an increase of price will yield a greater decrease of enrolled students as compared to a public university, where prices will not have such a decrease in enrolled students because of the type of competition they experience and the necessity of the services provided.
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Institution
Decision Making Economics
Course
Decision Making Economics
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