Question 7 - I need the answers for the following questions. The rent is ____ a

Question

Question 7 - I need the answers for the following questions.

The rent is ____ a month and ___ Apartments a month are rented.

If a black market develops, the black market rent may be as high as ______ a month.

Chamberlain University × Week 4: MEL Homework Do Homework-Pamela Harris × https://wwww.mathxl.com/Student/ aspx?homeworkld Q Search Principles of Economics Pamela Harris I 11/17/17 11:57 AM Homework: Week 4 Homework 35 pts Save Score: 0.67 of 1 pt 7 of 35 (14 complete) HW Score: 38.1%, 13.33 of 35 pts Checkpoint 2 Problem 2 The graph shows the market for apartments in Dayton, Ohio If the city government imposes a rent ceiling of $1,200 a month, what is the rent and how many apartments Question Help Rent (dollars per month) are rented in Dayton, Ohio? Remember that the quantity given on the x-axis is in thousands of apartments. The rent is $ a month andapartments a month are rented. 12 16 20 24 Quantity (thousands of apartments) Enter your answer in the edit fields and then click Check Answer part Clear All Check Answer 1:58 PM Type here to search 11/17/20174

Explanation / Answer

The rent is __$1600__ a month and __12000_ Apartments a month are rented.

If a black market develops, the black market rent may be as high as __$2400____ a month.

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