"When the British government tripled university fees for foreign students in Great Britain, about one-half of them left to study in other countries."
-The implied price elasticity of demand by foreigners for a British education is (in absolute value)
A) less than 1.
B) equal to 1.
C) between 1.0 and 1.5.
D) greater than 1.5.
Correct Answer:
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