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of ice c 1) Suppose Katie, Mark, and Bobby are the only consumers in the market for ice cream. Using the demand schedules in the
of ice c 1) Suppose Katie, Mark, and Bobby are the only consumers in the market for ice cream. Using the demand schedules in the table above, what is the market demand curve for ice cream? Question 2 Rent (dollars per month) 700- 600 500 400 300 200 100 0 10 20 30 40 50 60 70 80 90 100' Quantity (thousands of apartments p The diagram above illustrates the market for apartments in Victoria, British Columbia. a. If the current rent is $300 per month, is there a shortage or surplus in the apartment market and how much is the shortage or surplus? b. What is the equilibrium rent and quantity of apartments
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