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Use the information in the following table (and in the graph) on the market for apartments in Bay City to answer the 1000 following questions.

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Use the information in the following table (and in the graph) on the market for apartments in Bay City to answer the 1000 following questions. 900- Quantity Quantity 800 Rent Demanded Supplied $100 325,000 175,000 700- 200 300,000 200,000 Supply 600- 300 275,000 225,000 400 250,000 250,000 Price (dollars per month) 500- 500 225,000 275.000 600 200,000 300,000 300- In the absence of rent control, what is the equilibrium rent and the equilibrium quantity of apartments rented? Price Cellin 200 Equilibrium rent is $ and the equilibrium quantity is 100- Demar thousand apartments. (Enter your responses as integers.) 0 50 100 150 200 250 300 350 Quantity /anartmants nor month in thousandel

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