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What is the absolute value of the price elasticity of demand if a university raises its tuition by 6% and as a result the enrollment of students decreases by 3%?

Microeconomics Economics Economy
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Question added by Sultan Alghamdi
Date Posted: 2016/02/04
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Deleted user
by Deleted user

PED is a half. It is a Veblen good. esp when prestigious/ graduate and postgraduate.

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