Refer to the accompanying table to answer the next six questions.
Quantity of
Quantity of
Monthly Rent
Apartment Demanded Apartments Supplied
$1,500
136,500
78,100
$1,550
112,750
83,760
$1,600
107,000
87,900
$1,650
100,100
94,250
$1,700
98,450
98,450
$1,750
95,000
118,500
$1,800
92,800
125,600
What is the market equilibrium quantity of apartments rented?
a) 118,500
b) 112,750
c) 98,450
d) 107,000
e) 125,600