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CENGAGE MINDTAP Q se Topic 3 Assignment 3 . Problems and Applications Q6 Suppose Paolo is the only seller in the market for bottled water

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CENGAGE MINDTAP Q se Topic 3 Assignment 3 . Problems and Applications Q6 Suppose Paolo is the only seller in the market for bottled water and Kenji is the only buyer. The following lists show the value Kenji places on a bottle of water and the cost Paolo incurs to produce each bottle of water: Kenji's Value Paolo's Costs Value of first bottle: $10 Cost of first bottle: $1 Value of second bottle: $7 Cost of second bottle: $3 Value of third bottle: $3 Cost of third bottle: $7 Value of fourth bottle: $1 Cost of fourth bottle: $10 The following table shows their respective supply and demand schedules: Price Quantity Supplied Quantity Demanded More than $10 4 $7 to $10 $3 to $7 $1 to $3 $1 or less 4CENGAGE MINDTAP Q. Sear Topic 3 Assignment Price Quantity Supplied Quantity Demanded More than $10 $7 to $10 $3 to $7 $1 to $3 $1 or loss Use Paolo's supply schedule and Kenji's demand schedule to find the quantity supplied and quantity demanded at prices of $2, $6, and $9. Enter these values in the following table. Price Quantity Supplied Quantity Demanded 2 A price of $6

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