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Suppose that the going price for a one-bedroom, one-bathroom apartment in Denver is currently $2,100 per month, but the supply and demand curve for apartments

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Suppose that the going price for a one-bedroom, one-bathroom apartment in Denver is currently $2,100 per month, but the supply and demand curve for apartments in Denver looks like this: Rent for apartmen 5 (per month) Supply of apartments $2.500 Demand for apartments Quantity of Apartments 150.000 Answer the following questions based on the information above and the supply and demand curves: a. Is there a shortage or surplus of apartments? b. What would we expect to happen to prices? Why

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