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5. College admissions Suppose the following graph shows the supply of and demand for admission to Louisiana State University, where supply represents the number of student openings and demand represents the number of students who want to attend LSU (i.e., the number of student applications) at any given level of tuition. Use the graph to help you answer the questions that follow. Tool tip: Click and drag one or both of the curves. Curves will snap into position, so if you try to move a curve and it snaps back to its original position, just try again and drag it a little farther. Admission to Louisiana State University 90 Supply 75 Demand O 60 Supply 45 O 30 emand 15 12 15 18 NUMBER OF STUDENTS (Thousands)

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