Would you expect the price elasticity of demand to be, Ask an Expert

Economics

Would you expect the price elasticity of demand to be higher at the level of an individual school or at the aggregate level (e.g., all 4-year colleges and universities)? Why?

Despite the empirical evidence to the contrary, college decision-makers often believe that their price elasticity of demand is essentially zero. Is that right?

How important were price considerations in making your college decision? Would a change of a few thousand dollars have mattered?

Would you expect the price elasticity of demand to be higher for financial-aid students or for non-aid students? Why?

How does a student's income elasticity affect the demand for higher education at College?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9745509

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