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Supply of for ivy a college degrees increased

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Reference no: EM131051123

In the fall of 1999, Ivy College raised tuition by 1%. The following term the college saw enrollment drop by half. Which of the following best describes this situation:

a.The demand curve for Ivy a College degree shifted to the left

b. The supply of for Ivy a College degrees increased

c. Students at Ivy College are sensitive to changes tuition

d. The quantity demanded for Ivy a College degree increased

Reference no: EM131051123

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