Refer to the accompanying table to answer the following questions.

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

Quizplus · Accepted Answer

A surplus in the apartment market occurs when the price is above the equilibrium price, leading to more apartments being available than there are renters willing to pay that price. Among the given options, $1,800 is the highest price, which would result in the largest surplus, as it would deter the most renters, leaving the most apartments unrented.

Refer to the Accompanying Table to Answer the Following Questions