In a small city, the supply of apartments is Q5 = 12000 + 0.5P, and the demand is QD = 18000 - 2.5 P, where
In a small city, the supply of apartments is Q5 = 12000 + 0.5P, and the demand is QD = 18000 - 2.5 P, where P is the rent per month. The city has introduced a rent control ordinance that imposes a maximum monthly rent of rent of $1600. Under these conditions, the number of occupied apartments will be 0 12000 O 12800 O 14000 0 13000
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