Rent (per apartment per month) $1.400 Quantity Demanded (millions of apartments) Quantity Supplied (millions of apartments) 1.6 2.4 1,300 1,200 1.7 2.3 2.2 1.8 1,100 1.9 2.1 1,000 2.0 2.0 900 800 2.1 1.9 2.2 1.8 700 2.3 1.7 600 2.4 1.6 (Table: Market for Apartments) Look at the table Market for Apartments. If a price ceiling of $700 is imposed on this market, the result will be an inefficiency in the form of a million apartments. O shortage of O.6 O surplus of 0.6 O None of these options is correct. O shortage of 0.2 O surplus of 0.2

Table 2: Market Data Market Quantity Quantity Prices Supplied Demanded (P) ( Qs) ( Qd ) $5.00 4 13 $7.00 11 $9.00 10 9. $11.00 13 $13.00 16 Refer to Table 2 for the market of a normal good. At the market price (P) of $13.00, there is a of unit(s), respectively. O surplus; 11 O surplus; 16

A Moving to another question will save this response. Question 4 Refer to the information provided in Table 22.5 below to answer the question(s) that follow. Table 22.5 Price per Unit in 2014 2015 $2.00 Units Purchased 2013 $2.00 $2.00 $2.50 2016 $2.10 $2.40 $2.50 $3.50 $4.00 Blueberries 8 Pineapples $2.50 $3.00 Cheese 3 $3.00 Refer to Table 22.5. If 2014 is the base year, the consumer price index in 2013 is 0.893. 0.96. 1.04. 1.119.

Question: Which of the following factors don’t affect the demand for a commodity?[A] Price of commodity[B] Income of individual consumer[C] Want of the consumer[D] Price of related goodPlease Dont use AI tool.

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