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What was the net tangible impact of raising fees on the higher level of technological research?
Options:
A .  Research studies attained a higher market value.
B .  Research became more and more relevant to market demands.
C .  The market value of PhD students was almost lost.
D .  The number of prospective researchers was reduced to almost a half.
E .  In the current globalised times, the need for research was less than ever.
Answer: Option D
Answer: (d)The author clearly said to his old friend, “Your market-friendly policies hve forced us to raise the fee, so we have 50% fewer PhD applicants this year.”

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