Opera Estate Girls' School is considering increasing its tuition to raise revenue. If the school believes that raising tuition will increase revenue,

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If the school believes that raising tuition will increase revenue, it is assuming that the demand for attending the school is inelastic. This means that parents and students will be willing to pay the higher tuition fee without changing their enrollment decision significantly. If the demand for attending the school were elastic, a tuition hike would likely result in a decrease in enrollment, thus decreasing overall revenue.

Opera Estate Girls' School Is Considering Increasing Its Tuition to Raise