Question 1 (8 points) I The demand, as measured by total enrollment, for a private school depends on the tuition fee and can be approximated by q(p)=9,800-2p. Suppose that a private school is willing to accommodate q(p) = 3,200+ 4p students who pay a tuition fee of $p where 200 p 2,000 . a) Determine the equilibrium tuition fee (6 points) 9,800-2p 3,200+ 4p 6,600 = 6p p = $1,100 b) Determine the equilibrium enrollment q(1,100) = 9,800 2p|p=1,100 = 7,600 or q(1,100) = 3,200+4p|,-1,100 = 7,600 (2 points)