When the British government tripled university fees for foreign students in Great Britain, half of them left to study in other countries". A) What is the implied price elasticity of demand by foreigners for a British education is (in absolute value)? B) How will this move affect the university revenues from foreign students in Great Britain?

When the British government tripled university fees for foreign students in Great Britain, half of them left to study in other countries". A) What is the implied price elasticity of demand by foreigners for a British education is (in absolute value)? B) How will this move affect the university revenues from foreign students in Great Britain?

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter5: Price Elasticity Of Demand And Supply

Section: Chapter Questions

Problem 9SQP

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