Raise or Lower Tuition? Suppose that in an attempt to raisemore revenue Nobody State University increases its tuition. Willthis necessarily result in more revenue? Under what conditions willrevenue (a) rise (b) fall or (c) remain the same? Explain thisprocess focusing on the relationship between the increased revenuefrom students enrolling at NSU despite the higher tuition and thelost revenue from possible lower enrollment. If the true priceelasticity were -1.2 what would you suggest the university do toexpand revenue? If you were the President of NSU how would youtackle this problem using what you have learned in this course?Your paper will need to include a properly APA formatted titlepage reference page and in-text citations. Also your contentshould be 3-5 pages which does not include your reference or titlepage. You will need to include 2-3 academic sources from theAshford library to include in your paper as part of your researchto support your work and analysis.