Refer to the accompanying table to answer the following questions.

-At what price level does the apartment market experience its largest shortage?
A) $1,500
B) $1,550
C) $1,700
D) $1,750
E) $1,800

Question

Refer to the accompanying table to answer the following questions.
 
-At what price level does the apartment market experience its largest shortage?
A) $1,500 
B) $1,550 
C) $1,700 
D) $1,750 
E) $1,800

Quizplus · Accepted Answer

The largest shortage in the apartment market occurs at the lowest price level, which is $1,500, as demand exceeds supply the most at this price.

Refer to the Accompanying Table to Answer the Following Questions