The table below shows the hypothetical market demand for computer science degrees. The price is tuition and the quantity are the millions of enrollees. Tuition Enrollment Demanded (per year) (millions per year) ' $40,000 35,000 30,000 25,000 20,000 1 5,000 1 0,000 5,000 (DNQDU'l-thA Enter numeric answers as a whole number. a. Given market demand, if universities charge $15,000, how many students will enroll? million students Perhaps the external benefits ofthese degrees is estimated to be $5,000 for each student. b. Draw the social and market demand curves for this situation on the graph below. Instructions: Use the tools provided 'DM' and 'DS' to draw the market demand (DM) and social demand (05) curves (plot 8 points total for each curve). College Market i 50 Tools 45 40 DM DS 35 30 Tuition (thousands of dollars per year) 25 15 10 5 0 1 2 3 4 5 6 7 8 9 10 Enrollment (millions per year)c. How many students would enroll given the same price of $15,000 along the optimal demand curve? million students cl. The government wishes to intervene in the hopes it will move market outcomes closer to the optimal output of computer science majors. Ifthey decide to provide scholarships to computer science majors, how large should each student's scholarship be? $ |:| per student