table, which gives the demand schedule and the supply schedule for the apartment market in Worstcase, Ontario. If a rent ceiling of $300 is imposed in the apartment market, then Rent (dollars per month) Quantity of apartments supplied (per month) Quantity of apartments demanded (per month) 200 20 100 300 40 80 400 60 60 500 80 40 600 100 20 the supply of apartments will increase. the quantity of apartments supplied is 60 units. there is a surplus of 40 apartments. the maximum amount someone is willing to pay for an apartment in the black market is $500. the demand for apartments will decrease