Suppose a university decides to alter its tuition schedule by separating its students based on how many years of college they have completed. most university programs require four years to complete. first-year students would get a 13% tuition reduction. second-year students would pay the normal tuition. third- and fourth-year students face an increase in tuition of 25 and 41%, respectively. fully explain whether this pricing strategy is based on a sound understanding of price elasticity of demand, or not.

from the word list given, the most suitable words that relate to the reason information were written would be:  

objectivity: lack of bias, judgment, or prejudice

accuracy: free of mistakes, to be correct

authority: the ability to tell people what to do or believe in

content: to be satisfied  

it can be said that the author made the article to present objectivity, to provide accurate information, to be the authority in the subject that he or she writes, and to be satisfied of the information quality given out.