Solved: If uhv lowers the contract price to 2500year and 500 more, Microeconomics

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If uhv lowers the contract price to 2500year and 500 more

Assume that in 2018 only 1,000 UHV students sign up for the 1,500 positions in UHV residence halls at a set contract price of $3,000 per year.

If UHV lowers the contract price to $2,500/year and 500 more students sign up, what is the price elasticity of demand for residence hall positions?

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Microeconomics: If uhv lowers the contract price to 2500year and 500 more

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Microeconomics: If uhv lowers the contract price to 2500year and 500 more

Reference No:- TGS02859703

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