Question
The following table depicts the quantity demanded and quantity supplied of studio apartments in a small college town. Monthly Rent Quantity Demanded Quantity Supplied $400
The following table depicts the quantity demanded and quantity supplied of studio apartments in a small college town.
| Monthly Rent | Quantity Demanded | Quantity Supplied |
| $400 | 3,000 | 1,600 |
| $450 | 2,500 | 1,800 |
| $500 | 2,000 | 2,000 |
| $550 | 1,500 | 2,200 |
| $600 | 1,000 | 2,400 |
Part 2What is the market price of apartments in this town?
$enter your response here.
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Principles Of Microeconomics
Authors: Robert Frank
7th Edition
1260111083, 9781260111088
