Q Understanding the principles of Supply and Demand from the Week 3 Material will be critical this semester. This Discussion topic asks you to apply them in a very relevant local setting: The Tarleton State University campus in Stephenville has been experiencing significant growth in the last 10 years. One of the major complaints on this campus over this time frame is that--"there is never enough parking spaces when I am trying to get to class". • Apply the ideas of Supply and Demand, and Surpluses or Shortages (what situation do we have here?) to the Campus parking situation. • Assume that everyone trying to park on campus has a permit--what does that suggest about the Parking permit price? • Suggest how the University could change Permit Prices, or other Supply and Demand changes to help solve this problem.