Refer to the accompanying table to answer the next six questions. Quantity of Quantity of Monthly Rent Apartment Demanded Apartments Supplied $1,500 $1,550 $1,600 $1,650 $1,700 $1,750 $1,800 136,500 112,750 78,100 83,760 87,900 94,250 107,000 100,100 98,450 95,000 92,800 98,450 118,500 125,600 What is the market equilibrium quantity of apartments rented? O a) 112,750 O b) 125,600 Oc) 107,000 d) 98,450 O e) 118,500
Refer to the accompanying table to answer the next six questions. Quantity of Quantity of Monthly Rent Apartment Demanded Apartments Supplied $1,500 $1,550 $1,600 $1,650 $1,700 $1,750 $1,800 136,500 112,750 78,100 83,760 87,900 94,250 107,000 100,100 98,450 95,000 92,800 98,450 118,500 125,600 What is the market equilibrium quantity of apartments rented? O a) 112,750 O b) 125,600 Oc) 107,000 d) 98,450 O e) 118,500
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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