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Quantity demanded rose

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Reference no: EM131337534

Suppose that college tuition is higher this year than last and that more students are enrolled in college this year than last year.  Based on this information, we can best conclude that:

  • despite the increase in price, quantity demanded rose due to some other factors changing.

  • the demand for a college education is positively sloped.

  • the law of demand is invalid.

  • this situation has nothing to do with the law of demand.

Reference no: EM131337534

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