Demand for a college education (meDemand for a college education (measured in millions of students per year) is Qd = 80 4P and supply is given by Qs = 20 + 2P where P is expressed in $1000s per year. Part A (5 points) What is the equilibrium price and quantity in this market? Part B (4 points) Suppose the government begins offering a $5,000 per year grant to every student to help make college affordable. Would these grants change supply or demand? How? Part C (3 points) What is the equilibrium price and quantity after the $5,000 grants are introduced?asured in millions of students per year) is Qd = 80 4P and supply is given by Qs = 20 2P where P is expressed in $1000s per year. Part A (5 points) What is the equilibrium price and quantity in this market? Part B (4 points) Suppose the government begins offering a $5,000 per year grant to every student to help make college affordable. Would these grants change supply or demand? How? Part C (3 points) What is the equilibrium price and quantity after the $5,000 grants are introduced