Assume a university, seeking to increase parking revenue, hires a consultant to analyze the demand for covered parking on campus. If the consultant determines that the price elasticity of demand coefficient for covered parking is 0.65, then the university should be advised to:aadd more covered parking and maintain the current price.braise the price of covered parking on campus.clower the price of covered parking on campus.dencourage students to carpool and park off campus.

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