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Consumer and producer surplus assignment: Based on the graph above calculate the following and show your calculations. Answer sheet is at the bottom of the

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Consumer and producer surplus assignment: Based on the graph above calculate the following and show your calculations. Answer sheet is at the bottom of the assignment. 1- At equilibrium price (with no rent control)what is the size of the consumer surplus? 2- At equilibrium price (with no rent control) what is the size of the producer surplus? 3- When rent control is introduced, the rent changes from $10 to $5. How much of the producer surplus is transferred to the consumer surplus? 4 What is the size of the deadweight loss when rent control is imposed? 5- What is the size of the consumer surplus when rent control has been imposed? 6- What is the size of the producer surplus when rent control has been imposed? 7- Does the society (expressed as the sum of consumer and producer surplus) gain or lose

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