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Question 9 (4 points) Consider the following data from the market demand and supply for apartments. The average monthly rent for apartments is currently $1,300.

Question 9 (4 points) Consider the following data from the market demand and supply for apartments. The average monthly rent for apartments is currently $1,300. At this price, how many apartments will be rented in this market? Is the market currently in equilibrium, experiencing a shortage. or experiencing a surplus? What do you expect to happen to the average rent? What is the equilibrium rent and quantity in the market? ma- Quantity Demanded Quantity Supplied \"mm \" _ 15.000 15.000

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