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Emblem A municipality is Canada has the following demand and supply equations for rental apartments. For simplicity, we assume that all apartments are the same, so there is only one market and one price for these apartments. D: o\" = 6900 3P 3: 05 = -1800 + 2P a) Solve algebraically for the equilibrium price and number of apartments rented based on the demand and supply equations. b) Draw the demand and supply diagram for rental apartments. Your diagram must include the vertical intercepts of the demand and supply curves and the equilibrium price and quantity. c) Calculate the consumer surplus, producer surplus and total gains from trade (total surplus) in this market and show them on your diagram. d) Explain in your own words what the CS, PS and TS represent (oneIsentence each)