(Answered) Community colleges desired to increase revenues they

Economics

Community Colleges desired to increase revenues. They decided to raise fees paid by students with Bachelors degrees to $50 per unit because they believed this would result in greater revenues. But in reality, total revenues fell. Therefore, the demand for Community College courses by people with Bachelors degrees must have actually been:

a. relatively inelastic
b. unit elastic
c. relatively elastic
d. perfectly elastic

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