What else would influence the point at which there was no more demand for that university at that price? Discuss.

In a free market, producers can charge any price they choose for their products as long as customers are willing to pay that amount. The same is true for a university. A top school can charge any amount it chooses as long as there are students who are willing to pay it. Some argue college costs are too high and student loan debt is out of control. But, if people are willing to pay the high fee based on the anticipated return in the form of a high-paying job, then the university will still attract students. Logic would dictate, however, that there is some tipping point where people will no longer pay the high tuition. (Would anyone pay $450,000 for one year of Harvard? Maybe. Maybe not.) Is it possible for a university to know this exact point in advance or does it depend on the market? What else would influence the point at which there was no more demand for that university at that price? Discuss.