Suppose that the demand and supply schedules for rental apartments in the city of Gotham are as given in the following table. 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 $2,250, will there be a surplus or a shortage? Of how many units? apartments per month How many units will actually be rented each month? c. Suppose that a new government is elected that wants to keep out the poor. It deciares that the minimum rent that landiords can charge is $3,250 per month. If the government can enforce that price floor, will there be a surplus or a shortage? Of how many units? apartments per month And how many units wiil actually be rented each month? apartments