A public university knows that demand from potential students is elastic. If the university wants to increase tuition revenue, it should
a. raise its tuition rate
b. hold its tuition rate constant and increase faculty salaries
c. increase its financial aid
d. lower its tuition rate
e. increase its enrollment
Answer: d. lower its tuition rate
Economics
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Between 1981 and 2013, the overall mortality rate in the United States
A) remained fairly constant. B) decreased by more than 25 percent. C) slowly but steadily increased. D) was similar to the average rate in most low-income countries.
Economics
Derivatives are financial instruments that:
A. present high levels of risk and should only be used by the wealthy. B. should only be used by people seeking high returns from low risk. C. represent the outright purchase of a bond. D. when used correctly can actually lower risk.
Economics