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nyah95 nyah95
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A year ago
The graph shows the market for apartments in San Francisco.
 

Assume that P1=$0.50, P2=$4.50, P3=$7.25, P4=$14.25, P5=$19.00, Q1=60, Q2=160, and Q3=235. What is the maximum price a landlord can legally charge for an apartment? How many apartments are rented at that price? At the rent control price, there is a ________ (shortage/surplus) equal to ________. What is the black market price of an apartment? How many apartments are rented at that price?

▸ $4.50, 60, shortage, 175, $14.25, 60

▸ $4.50, 60, surplus, 100, $7.25, 160

▸ $4.50, 60, surplus,175, $7.25, 160

▸ $4.50, 60, shortage, 100, $14.25, 60
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Macroeconomics

Macroeconomics


Edition: 3rd
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fassfass
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Thank you, thank you, thank you!
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