1.Draw the demand and supply curves for apartments using the schedule above.

2. What is the equilibrium rent per month? At this rent, what is the number of

apartments demanded and supplied per month?

3. At P400 rent per month what will be the demand and supply of apartments? Will

there be a surplus or shortage of supply? Explain your answer.

4. At 800 rent per month what will be the demand and supply of apartments? Will

there be a surplus or shortage of supply? Explain your answer.

last: 2 - Below is a hypothetical demand and supply for apatrnents. Answer the toilowing questions below using as basis the schedule given: I . Draw the demand and W? curves for apartments using the schedule above. 2. What is the equilibrium rent per month? At this rent. \"first is the number of apartments demmded and supped per month? 3. At mo rent per month what will be the demand and simply of apartments? Wit there he a surplus or shortage of supply? Explain your answer. 4. M MD rent per month wl'lui 1lIIlI'iI be the demand and suppr ot pdn'lmt? WI there be a surplus or Midge of supply? Explain your