Kevin has three liability policies which provide for contribution by equal shares if other insurance applies to a loss. How much will each policy pay for a $3,000,000 liability judgment if policy A provides $500,000 of coverage, policy B provides $1,000,000 of coverage, and policy C provides $3,000,000 of coverage? A) Each policy will pay $500,000, and Kevin must pay the remaining $1,500,000. B) Policy A will pay $500,000, policies B and C will each pay $1,000,000, and Kevin must pay the remaining $500,000.

2500 units

Explanation: Since government plans on reducing the market equilibrium rent to $1500 per month, it's required of the govt. to extend the provision of apartments by 2500 units.

The equilibrium rent is $2000 and also the equilibrium quantity is 12,500 units. If 2500 more units were added by the govt. this might cause a rise of 15,000 unit available for rent within the market.

The equilibrium price would now be $1500 (the rent the govt. is trying to achiev.) and also the equilibrium quantity 15,000 units