The following table presents the demand and supply schedules for apartments in a small U.S. city:

a. If the monthly rental rate is $600, excess ___________of___________ apartments per month will occur and rental rates can be expected to___________.b. If the monthly rental rate is $350, excess ___________of___________ apartments per month will occur and rental rates can be expected to___________.c. The equilibrium or market clearing rental rate is $___________ per month.d. The equilibrium number of apartments rented is___________ per month.

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Monthly rental rate (dollars per month) Quantity demanded (number of units per month) Quantity supplied (number of units per month) $300 130,000 35,000 350 115,000 37,000 400 100,000 41,000 450 80,000 45,000 500 72,000 52,000 550 60,000 60,000 600 55,000 70,000 650 48,000 75,000