Suppose a university raises its tuition by 8 percent and as a result the enrollment of students drops by 4 percent.The price elasticity of demand is closest to:
A) 8.0.
B) 4.0.
C) 2.0.
D) 0.

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The Answer of Suppose a university raises its tuition by 8 percent and as a result the enrollment of students drops by 4 percent.The price elasticity of demand is closest to:
A) 8.0.
B) 4.0.
C) 2.0.
D) 0.

Suppose a University Raises Its Tuition by 8 Percent and as a Result