Answer:
As the price of tuition rises from $15000 to $20000, the price elasticity of demand for tuition for out-of-state applicants is less elastic than it is for in-state applicants.
Explanation:
The 'Law Of Demand' expresses that, every single other factor being equivalent, as the cost of a decent or administration expands, buyer interest for the great or administration will diminish, and the other way around.
Request flexibility is a proportion of how much the amount requested will change if another factor changes.
Answer:
More elastic.
Explanation:
When the tuition amount increases, the out of state applicants will opt to study in their country or another country where the tuition fee is lower, most of in state applicants will have to pay the upward fees.
