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%?

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Emad Mohammed said abdalla
19-May-2015

Microeconomics Economics Economy

Question added by Sultan Alghamdi
Date Posted: 2016/02/04

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by Deleted user

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

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