Question: how do i do the graph PART II: Graphically Showing the Effects of a Price Ceiling (example: rent control) Price (rent) Price (rent) (# apts

how do i do the graph PART II: Graphically Showing the

how do i do the graph

PART II: Graphically Showing the Effects of a Price Ceiling (example: rent control) Price (rent) Price (rent) (# apts #apts wanted) available) $400 140 20 $600 120 $800 100 $1,200 $1,400 100 $1,600 120 $1,800 140 Quantity (# apartments) 1. Use the data provided above to plot the supply and demand curves for the market for apartments. Be sure to completely label the axes and points on the graph. 2. Answer the following questions: What is the market price for apartments? . What is the quantity demanded for apartments at the market price? . What is the quantity supplied for apartments at the market price

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