Without government intervention the market will set the price at ________

Assume that the following graph represents the supply and demand for two-bedroom apartments in a local market. Use this graph to answer the following questions. Market for TwoBedroom Apartments in Metro Downtown 52.5w 52,5oo 52,405 slam 52.20::- 52,130 Smoo- 51,900 51.30:: 51300 $1.600 $1.501} 5.1.4:\": 51am $1,200 51,100 51.00:: $91210 5300 Mootly Hem D 513 1m 154'.) 2:31) 1511) son 35:] 4130 450 500 550 60:} 550 ml] TED 300 35!]- 900 ZrBedrou-m Apartments