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(Solved): Economics: Its very SERIOUS IF you give aagainna ai answers ,i give mutiple dislikes The rent fo ...



Economics: Its very SERIOUS IF you give aagainna ai answers ,i give mutiple dislikes The rent for apartments in a city is determined at an equilibrium of $1,000 per month, with demand and supply both at 2,000 units. The government fixes a maximum rent of $800. At this price, the number of apartments demanded rises to 2,500, but only 1,600 are supplied. The housing board wants to know the shortage in the rental market. Calculate the shortage.



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