EC201B Principles of Microeconomics Homework #5 Chapter 6: Supply, Demand, and Government Policies 2. 2 points Use the information in the following table on the market for apartments in Bay City to answer the following questions. Quantity Quantity Rent Demanded Supplied 100 275,000 125,000 200 250,000 150,000 300 225,000 175,000 400 200,000 200,000 SUP 500 175,000 225,000 600 150,000 250,000 In the absence of rent control, what is the equilibrium rent and the equilibrium quantity of apartments rented? Equilibrium rent is $ and the equilibrium quantity is thousand apartments. (Enter your responses as integers.)