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See the attached file.

I either need to see the supply and demand graphs that will solve this, or I need to understand this solution or process enough to be able to create corresponding supply & demand graphs.

Here's the problem:

The government wants to increase the affordability of apartments (all of which are the same in this case). The only question is how much they cost and how many people can afford them.

There are currently 50,000 apartments rented at a price of $1,000 per month (see attached graph for supply and demand graph showing this).

If the government controls rent at $800.00 per month, will that have the desired effect for everyone?

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The price ceiling is illustrated.

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We can plot the price ceiling regulated by the government at $800 in the graph. It seems that at this price level, the demand for ...

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