The figure to the right shows the market for one-bedroom apartments in Calgary. If this market is initially unregulated, 50 thousand units will rent for a price of $ 610 per month. Suppose however, the city imposes the controlled price shown in the figure. In this case, in the short run, the market experiences an excess of thousand units. Rental Price ($ per month) 905 610 490- Rental Housing Market Sshort run Siong r run Controlled Price. 24 50 60 Quantity of Rental Units (Thousands) D a G