Solved: If uhv lowers the contract price to 2500year and 500 more, Microeconomics

If uhv lowers the contract price to 2500year and 500 more

Assume that in 2018 only 1,000 UHV students sign up for the 1,500 positions in UHV residence halls at a set contract price of $3,000 per year.

If UHV lowers the contract price to $2,500/year and 500 more students sign up, what is the price elasticity of demand for residence hall positions?

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Microeconomics: If uhv lowers the contract price to 2500year and 500 more

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Microeconomics: If uhv lowers the contract price to 2500year and 500 more

Reference No:- TGS02859703

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