According to figure A if the local government imposes a pric

According to figure A, if the local government imposes a price ceiling of $700 for apartments in Tampa, then the actual number ered of apartments rented in Tampa equals: 1.00 PRICE ($) $900- $700 1250 2,250 3,725 QUANTITY/TIME Select one: a. 1250 b. 2250 O c. 2730 d. 3725

Solution

Ans: 1250

Explanation:

At the price of $700, quantity supplied is 1250 and quantity demanded is 3725. So, Thus, the quantity supplied will be rented.