Business, 29.06.2019 20:30 meandmycousinmagic

Aprivate university charges the same tuition for both in-state and out-of-state students, and it notices that in-state and out-of-state students seem to respond differently to tuition changes. the quantity demanded for in-state and out-of-state students at different tuition levels is provided below. tuition quantity demanded (in-state applicants) quantity demanded (out-of-state applicants) $10,000 6,000 12,000 $15,000 5,000 9,000 $20,000 4,000 6,000 $30,000 3,000 3,000 as the price of tuition rises from $2 to $3, the price elasticity of demand for tuition for out-of-state applicants is elastic than it is for in-state applicants. choose one: a. more b. less part 2 (2 points) what is the in-state elasticity and the out-of-state elasticity? give your answer to two decimals. in state:

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Aprivate university charges the same tuition for both in-state and out-of-state students, and it not...

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