Using the factors that influence the price elasticity of, Business Economics

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Using the factors that influence the price elasticity of

1. Using the factors that influence the price elasticity of demand, do you think a college education is an elastic or inelastic good? State the factors and then support your answer

2. Often times when a college campus has overcrowded parking, they raise the price of parking permits to lessen the problem. Does this policy work? Explain why or why not using supply and demand and/or elasticity

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