Can I please get help on Question 2 and 3

Homework Assignment 2 Due Date: until midnight Tuesday October 13 (dropbox online) Part I. Essay Question (55 points). One or two pages are expected (double- spaced Discuss the policy of rent-controlled housing in the United States: what was the original intention on such price intervention? Briefly debate about the benefits and disadvantages of such a policy (as a price ceiling) for a market economy. What cities in the country still follow that kind of policy? Make sure to correctly cite your references and sources. At least one reference is required. Part II. Analytical Questions (45 points total/15 points each). Please include all calculations when needed. Remember the areas of a triangle and a rectangle, you need them for Question 1 and Question2. Question 1 Based on this figure, please answer a, b and c (hint: do not forget to include in your analysis the calculations of changes in price and quantity! I suggest you work with areas; area of a triangle Base x Height x 1/2)) 10 S 5 - D Q 6 a) According to this graph, how much is the consumer surplus (when the price of equilibrium is $5)?b) According to this graph, how much is the producer surplus (when the price of equilibrium is $5)? c) Based on your answer for a) and b). how much is the total surplus for the economy? Question 2 According to the following Figure, please answer a, b and c: Quantity a) In the graph, total consumer surplus is shown by area: A) acdf. B) bcde. C) bce. D) abe. b) In the graph, total producer surplus is shown by area: A) acdf. B) ace. C) bce. D) abe. c) In the graph, total surplus is shown by area: mm B) ace. Cline, mm Question 3 According to the following Figure, please answer a-f: p O 20 4D 60 a) According to this graph, how much is the consumer surplus when price is set at equilibrium (P = $8)? (use the area of triangle: Base x Height x V2) According to this graph, how much is the producer surplus when price is equal to its equilibrium level (P=$8)? (use the area of triangle: Base )4: Height x 14) In the graph, how much is deadweight loss at a price of P =$8 (equilibrium)? Now, according to this graph, how much is the consumer surplus when price is set above the equilibrium level at P=$12? (use the area of triangle: Base x Height x 1/2) According to this graph, how much is the producer surplus when price is equal at P: $12? (Use the area of a triangle and the area of a rectangle. length x length) In the graph, how much is deadweight loss at a price of $12? (use the area of a triangle) ln all cases please show your calculations so l know how to arrive at those numbers