In problem 12, suppose the city council decides rents are too high and imposes a rent ceiling of $400.

a. The ceiling on rent causes a of apartments per month.

b. How many more renters would have found an apartment in this city if the ceiling had not been imposed?

Suppose that instead of imposing a ceiling price, the city council places a floor price of $600 on rental rates.

c. The floor price on rent causes a of apartments per month