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velikii [3]
2 years ago
8

Explain what would happen if there was safety issue of renting the apartments

Business
1 answer:
kakasveta [241]2 years ago
7 0

Answer:

When quantity supplied decreases by 7 apartments at each rent, the new supply and demand schedule is given below:

Monthly rent    QD        QS

400                   30           9

450                    25           11

500                    20           13

550                    15            15

600                    10            17

So, the new equilibrium price is $550 and quantity is 15.

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