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The following table shows the demand and supply schedules for rental apartments in the city of South Bay. Monthly Rent $2,500 $2,000 $1.500 $1,000 $500
The following table shows the demand and supply schedules for rental apartments in the city of South Bay. Monthly Rent $2,500 $2,000 $1.500 $1,000 $500 Apartments Demanded Apartments Supplied 20.000 40,000 25,000 35,000 30.000 30,000 35.000 25,000 40,000 20.000 What are the market equilibrium rental price per month and the market equilibrium number of apartments demanded and supplied? Use the editor to format your answer Question 5 3 Points
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