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 quantity of apartments supplied is 60 units. there is a surplus of 40 apartments. there is a shortage of 40 apartments. the supply of apartments will increase. the supply of apartments will decrease