Suppose that the supply and demand schedules for rental apartments in the city ofGotham are given as :&quot;Monthly rentApartments DemandedApartments Supplied$2500100001500020001250012500150015000100001000175007500500200005000Answer the followingA . What is the market equilibrium rental price per monthAt this price does the quantity demanded = quantity supplied ?&quot;( yesor no )What is the market equilibrium quantity ?&quot;B. If a city decides to &quot;Keep Out the Poor&quot; and decides to set the MINIMUM at$2500 amonth , will there be a shortage or surplus ?&quot;Of how many units ?How many units will actually be rented ?!C . A city decides to &quot; Help the Poor &quot; . If the local government can enforce a rent -controllaw that sets the MAXIMUM monthly rent at $1500 , will there be a shortage or surplus ?&quot;Of how many units ?!How many units will actually be rented ?!D. The city is still trying to &quot; Help the Poor &quot;. The local government wishes to lower themonthly rent but decides to increase the supply of housing by subsidizing builders tobuild low rent apartments . Assume demand does not change . If the government gives a$ 1000 subsidy to the builders what is the new equilibrium rent and number of apartmentsrented . rent =number of apartments =