Question

reliminaries
Quantity demanded
(number of units
Quantity supplied
(number of units
per month)
per month)
Monthly rental rate
(dollars per month)
$300
350
400
450
500
550
600
650
130,000
115,000
100,000
80,000
72,000
60,000
55,000
48,000
35,000
37,000
41,000
45,000
52,000
60,000
70,000
75,000
a. If the monthly rental rate is $600, excess of apartments per month will
occur and rental rates can be expected to
b. If the monthly rental rate is $350, excess of
apartments per month will
occur and rental rates can be expected to -
c. The equilibrium or market clearing rental rate is $per month.
d. The equilibrium number of apartments rented is per month.
dunnly functions for mood are​

Answer 1

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