The demand for apartments

The demand for apartments

The demand for apartments is P 1200 Q while the supply is P Q units. The governmentimposes rent control at P $300/month. Suppose demand grows in the marketto P 1400 Q.a. How is excess demand affected by the growth in demand for apartments?b. At what price would the government have to set the rent control to keep excessdemand at the same level as prior to the growth in demand?

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