Attributed to Libby Rittenberg and Timothy Tregarthen Saylor.orgRent/Month Number of Apts.. Demanded/Month Number of Apts.. Draw the demand and supply curves for apartments.. What is t
Trang 1Attributed to Libby Rittenberg and Timothy Tregarthen Saylor.org
Rent/Month
Number of Apts
Demanded/Month
Number of Apts
Supplied/Month
5 Draw the demand and supply curves for apartments
6 What is the equilibrium rent per month? At this rent, what is the
number of apartments demanded and supplied per month?
7 Suppose a ceiling on rents is set at $400 per month Characterize the
situation that results from this policy
8 At the rent ceiling, how many apartments are demanded? How many
are supplied?
9 How much are people willing to pay for the number of apartments
supplied at the ceiling? Describe the arrangements to which this
situation might lead