Suppose the following graph shows the supply of and demand for admission to Carleton University, where supply represents the number of student openings and demand represents the number of students who want to attend Carleton (that is, the number of student applications) at any given level of tuition. Use the graph to help you answer the questions that follow. Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it snaps back to its original position, just drag it a little farther. TUITION (Thousands of dollars) 84 70 56 8 42 8 14 0 0 Admission to Carleton University 3 Supply 12 NUMBER OF STUDENTS (Thousands) Demand The equilibrium level of tuition at Carleton is S available will be 15 18 Demand Supply per academic year. If Carleton sets its tuition at this price, the number of openings the number of student applications. The new equilibrium level of tuition at Carleton is S (? Now suppose that the tuition for Carleton is set at $28,000. At this level of tuition, the number of openings available will be number of student applications. Suppose that in its latest issue, a popular magazine publishes information about universities in Canada. The magazine declares Carleton to be Canada's best university. Adjust the previous graph to show the effect this will have on the market for admission to Carleton. per academic year. If the magazine declares Carleton to be Canada's best university and the tuition for Carleton is set at $28,000, Carleton will receive applications for admission than there are openings. the