Instructions: Enter your answers as a whole number.

a. What is the market equilibrium rental price per month and the market equilibrium number of apartments demanded and supplied?

Market equilibrium rental price = $

Market equilibrium quantity =apartments

b. If the local government can enforce a rent-control law that sets the maximum monthly rent at $1,750, will there be a surplus or a shortage?

(Click to select)SurplusShortage

Of how many units?

apartments per month

How many units will actually be rented each month?

apartments

c. Suppose that a new government is elected that wants to keep out the poor. It declares that the minimum rent that landlords can charge is $2,750 per month. If the government can enforce that price floor, will there be a surplus or a shortage?

(Click to select)ShortageSurplus

Of how many units?

apartments per month

And how many units will actually be rented each month?

plz answer asap a b and c