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(a). Calculate the equilibrium price and quantity in the market for 1-bedroom apartments in Collegetown. (2 marks) (b). If the price of 1-bedroom apartments in

(a). Calculate the equilibrium price and quantity in the market for 1-bedroom apartments in Collegetown. (2 marks)

(b). If the price of 1-bedroom apartments in Collegetown were $300, there would be a ________ of ________ apartments. Fill in the blanks.(2 marks)

(c).If the price of 1-bedroom apartments in Collegetown were $700, there would be a ________ of ________ apartments. Fill in the blanks.(2 marks)

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