47 With the government set maximum rent of $1,600, producer su

With the government set maximum rent of $1,600, producer surplus is… With the government set maximum rent of $1,600, producer surplus is _________.Image transcription textAssume that the following graph represents the supply and demand for two-bedroom apartments in a localmarket. Use this graph to answer the following questions. Market for Two—Bedroom Apartments in MetroDowntown 52.5w 52,5oo 52,405 slam 52.20::- 52,130 Smoo- 51,900 51.30:: 51300 $1.600 $1.501} … Show more… Show more Business Economics Microeconomics ECON 201