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Lina20 [59]
3 years ago
15

Suppose that the demand and supply schedules for rental apartments in the city of Gotham are as given in the table below.Rent De

mand Supply2,500.00 10,000 15,0002,000.00 12,500 12,5001,500.00 15,000 10,0001,000.00 17,500 7,500500.00 20,000 5,0001. What is the market equilibrium rental price per month and the market equilibrium number of apartments demanded and supplied?
Business
1 answer:
PtichkaEL [24]3 years ago
8 0

Answer:

Rental expense = $2,000

Demanded and supplies = 12,500

Explanation:

As we see that

Market equilibrium is that point in which the demand and the supplies are equal to each other.

So, at the rental expense per month of $2,000

The equilibrium number of apartments demanded and supplied is 12,500 as the demanded and the supplies are equal so it would be a market equilibrium.

So we considered the information which  is mentioned in the question

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Betsy’s gross earnings for January period is $1,140

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What is the change due if a $5 bill is tendered for a charge of $4.21?

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<h3>What are some examples of Roosevelt's big stick strategy?</h3>

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<h3>How did America benefit from the "big stick" policy?</h3>

Roosevelt was successful in keeping the United States out of wars by threatening legitimately with force under his "big stick" strategy.

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