What is the market equilibrium rental price per month and the market equilibrium number of apartments demanded and supplied Custom Essay

Suppose that the ask-restraint and minister schedules restraint fissureal apartments in the city of Gotham are as attached in the table beneath.

a. What is the chaffer makeweight fissureal expense per month and the chaffer makeweight estimate of apartments ask-fored and gifted?
b. If the persomal synod can require a fissure-control edict that sets the consummation monthly fissure at $1500, allure there be a excess or a shortage? Of how numerous units? And how numerous units allure substantially be fissureed each month?
c. Suppose that a innovating synod is elected that wants to continue extinguished the indigent. It declares that the reserve fissure that can be full is $2500 per month. If the synod can require that expense foot, allure there be a excess or a shortage? Of how numerous units? And how numerous units allure substantially be fissureed each month?
d. Suppose that the synod wishes to reduce the chaffer makeweight monthly fissure by increasing the minister of housing. Assuming that ask-restraint sweepings unchanged, by how numerous units of housing would the synod possess to growth the minister of housing in appoint to achieve the chaffer makeweight fissureal expense to descend to $1500 per month? To $1000 per month? To $500 per month?

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