I need help please.

4. What is producer surplus in $millions? $ million The governor of North Dakota announces a college tuition subsidy of $40,000 per year to all North Dakota high school students admitted to college in the state. A subsidy acts just as the opposite of a tax. 5. What is the new market price for tuition per year in $1,000? 6. What is the new market quantity of college places per year in $1,000? 7. What amount of subsidy do the students actually receive per year (in $1,000)? 8. What is the new consumer surplus in $millions? $ million 9. What is the new producer surplus in $million? $ million 10. What is the total surplus in this market after the subsidy in $million? $ million No new data to save. Last checked at 2:01pm SubmSuppose that demand for college places per year in North Dakota is Q (measured in thousands). Demand is described by Q = 100 - P, where P is tuition costs, in thousand $. Supply of places is given by P = 20 + 3Q. 1. Assuming a competitive market what is the market price for tuition per year in $1,000? 2. What is the market quantity of college places per year in $1,000? 3. What is consumer surplus in $millions? $ million 4. What is producer surplus in $millions? $ million The governor of North Dakota announces a college tuition subsidy of $40,000 per year to all North Dakota high school students admitted to college in the state. A subsidy acts just as the opposite of a tax. 5. What is the new market price for tuition per year in $1,000? 6. What is the new market quantity of college places per year in $1,000? 7. What amount of subsidy do the students actually receive per year (in $1,000)