Supply and Demand: By The Numbers Markets are the foundation of all economic transactions, including the demand for higher education. Consider enrollment trends over the past two decades for different types of institutions of higher education. Total fall enrollment in degree-granting postsecondary institutions, by level of institution: 1995 through 2016 Total enrollment Enrollment 4-year Enrollment 2-year Enrollment private Enrollment private Year all institutions public institutions public institutions nonprofit institutions for-profit institutions 1995 14.261,781 5,814,545 5,277,829 2,929,044 240.363 1996 14,367,520 5,806,036 5.314,463 2,942,556 304,465 1997 14,502,334 5,835,433 5,360,686 2,977,614 328,601 1998 14,506,967 5,891,806 5,245,963 3,004,925 364,273 1999 14,849,691 5,977,678 5,398,061 3,055,029 418,923 2000 15,312,289 6,055,398 5,697,388 3,109,419 450,084 2001 15,927.987 6,236,455 5,996,701 3,167,330 527,501 2002 16,611,711 6,481,613 6,270,380 3,265,476 594,242 2003 16,911,481 6,649,441 6,209,257 3,341,048 711,735 2004 17,272,044 6,736,536 6,243,576 3,411,685 880,247 2005 17,487,475 6,837,605 6,184,229 3,454,692 1,010,949 2006 17,758,870 6,955,013 6,225,120 3,512,866 1,065,871 2007 18,248,128 7,166,661 6,324,119 3,571,150 1,186,198 2008 19,102,814 7.331,809 6,640,344 3,661,519 1,469,142 2009 20,313,594 7.709.198 7,101,570 3,767,672 1.735,154 2010 21,019,438 7,924,108 7,218,063 3,854,482 2,022,785 - * estion 22 of 28 > D 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 14,502,334 14,506,967 14,849,691 15,312,289 15,927,987 16,611,711 16,911,481 17,272,044 17,487,475 17.758,870 18,248,128 19,102,814 20,313,594 21,019,438 21,010,590 20,644,478 20,376,677 20,209,092 19,988,204 19,841,014 5,835,433 5,891,806 5,977,678 6,055,398 6,236,455 6,481,613 6,649,441 6,736,536 6,837,605 6,955,013 7,166,661 7,331,809 7,709,198 7,924,108 8,048,145 8,092,602 812,0437 825,7108 8,348,539 8,741,896 Stacked 5,360,686 5,245,963 5,398,061 5,697,388 5,996,701 6,270,380 6,209,257 6,243,576 6,184,229 6,225,120 6,324,119 6,640,344 7,101,570 7,218,063 7,068,158 6,792,065 6,626,411 6,397,552 6,224,304 5,841,076 2,977.614 3,004,925 3,055,029 3,109,419 3,167,330 3,265,476 3,341,048 3,411,685 3,454,692 3,512,866 3,571,150 3,661,519 3,767,672 3,854,482 3,926,819 3,951,388 3,971,390 3,997,249 4,065,891 4,077,797 Attempt 2 328,601 364,273 418,923 450,084 527,501 594,242 711,735 880,247 1,010,949 1,065,871 1,186,198 1,469,142 1,735,154 2,022,785 1,967,468 1,808,423 1,658,439 1,557,183 1,349,470 1,180,245 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 A COP RECUULA Stacked Attempt 1 Supply and Demand: By The Numbers Consider the data set for total fall enrollment in degree-granting postsecondary institutions. Use these data to demonstrate how the demand for postsecondary education has changed in the past 20 years. a. Using the data set, identify total fall enrollment for each of the given periods. 19367520 Total fall enrollment in 1996 was students. Incorrect Total fall enrollment in 2001 was 15927987 students. Total fall enrollment in 2006 was 17758870 students. 20010590 Total fall enrollment in 2011 was students. Incorrect Assignment Score: 72.5% Resources LX Give Up? Feedback Stacked Attempt 1 Total fall enrollment in 2006 was 17758870 students. I 20010590 Total fall enrollment in 2011 was students Incorrect Total fall enrollment in 2016 was 19841014 students. b. Plot each data point identified in part a to graphically illustrate the trend in overall postsecondary education enrollment. 22 20 18 16 ons of students) 14 Assignment Score: 72.5% Resources Give Up? Feedback Resume Question 22 of 28 > Stacked Attempt 1 22 20 18 students) 16 14 12 10 Total enrollment (millions B 6 4 2 0 1,991 1,906 2,001 2,011 2,016 2021 2,006 Year Incorrect 5.63 %. Round to two decimal places. c. From 1996 to 2016, enrollment at postsecondary institutions increased by Incorrect