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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.
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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