Suppose the following data represent the market demand for c…
Suppose the following data represent the market demand for college education: Tuition (per Year) 1000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 Enrollment demanded (in millions) 16 15 14 13 12 11 10 9 If tuition is set at $3,000 and society gets an external benefit of $1,000 for every every enrolled student (for lets say, more informed voting). What is the socially optimal level of enrollments at the tuition price of $3,000? Enter your answer as a numeric value e.g. 15 no need to include any zeros