University president: Our pool of applicants has been shrinking over the past few years. One possible explanation of this unwelcome phenomenon is that we charge too little for tuition and fees. Prospective students and their parents conclude that the quality of education they would receive at this institution is not as high as that offered by institutions with higher tuition. So, if we want to increase the size of our applicant pool, we need to raise our tuition and fees. The university president's argument requires the assumption that ['the proposed explanation for the decline in applications applies in this case', "there is no additional explanation for the university's shrinking applicant pool", 'the quality of a university education is dependent on the amount of tuition charged by the university', 'the amount charged by the university for tuition has not increased in recent years']