Aplia Homework: Bringing Supply and Demand Together Supply Demand Supply TUTION (Thousands of dollars) 30 Demand 15 12 24 NUMBER OF STUDENTS (Thousands) The equilibrium level of tuition at UCalgary is s per academic year. If UCalgary sets its tuition at this price, the number of student applications will be the number of openings available. Now suppose that the tuition for UCalgary is set at $30,000. At this level of tuition, the number of openings available will be the number of student applications. Suppose that in its latest issue, a popular magazine publishes information about universities in Canada. The magazine dedares UCalgary to be Canada's worst party university (that is, the university with the lousiest party scene). Adjust the previous graph to show the effect this will have on the market for admission to UCalgary, assuming that university students like to party. The new equilibrium level of tuition at UCalgary is $ per academic year. If the magazine declares UCalgary to be Canada's worst party university and the tuition for UCalgary is set at $30,000, UCalgary will receive 7 applications for admission than there are openings