When tuition p is 500 per credit hour enrolment q is 1000
When tuition (P) is $500 per credit hour, enrolment (Q) is 1000 student. When tuition is 400, Enrolment is 1300 student: Calculate the elasticity and tell whether it is elastic or not. To increase revenue, should tuition be increased or decreased?
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when tuition p is 500 per credit hour enrolment q is 1000 student when tuition is 400 enrolment is 1300 student
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