contestada

What effect would a rule stating that university students must live in university dormitories [no other alternative] have on the price elasticity of demand for dormitory space

Respuesta :

Answer:

Inelastic.

Explanation:

Elasticity of demand measures the sensitivity of demand of a product in relation to variables that affect it such as price, income, and prices of similar goods.

Since such a rule leaves the students with no alternative therefore the demand for dormitory space would be unaffected by the rise in cost of those spaces.

Otras preguntas