Question: The following table depicts the quantity demanded and quantity supplied of one-bedroom apartments in a small college town. Monthly Quantity Quantity Rent Demanded Supplied $400

The following table depicts the quantity demanded and quantity supplied of one-bedroom apartments in a small college town. Monthly Quantity Quantity Rent Demanded Supplied $400 3,000 1,600 $450 2,500 1,800 $500 2,000 2,000 $550 1,500 2,200 $600 1,000 2,400 The market price will be $ and the equilibrium quantity will be apartments. If this town imposes a rent control of $450 per month, how many apartments are rented

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