**I have put question marks and the options to the correct answer in parentheses for the questions I need answered below for this problem.

Suppose Sean is the only seller in the market for bottled water and Musashi is the only buyer. The following lists show the value Musashi places on a bottle of water and the cost Sean incurs to produce each bottle of water:

Musashi's Value:

Value of 1st bottle: $7

Value of 2nd bottle: $5

Value of 3rd bottle: $3

Value of 4th bottle: $1

Sean's Value:

Cost of 1st bottle: $1

Cost of 2nd bottle: $3

Cost of 3rd bott: $5

Cost of 4th bottle: $7

The following table shows their respective supply and demand schedules:

Price: Quantity Supplied Quantity Demanded

More than $7 4 0

$5 to $7 3 1

$3 to $5 2 2

$1 to $3 1 3

$1 or less 0 4

Use Sean's supply schedule and Musashi's demand schedule to find the quantity supplied and quantity demanded at prices of $2, $4, and $6. Enter these values in the following table.

Price: Quantity Supplied Quantity Demanded

2 ? ?

4 ? ?

6 ? ?

A price of ($2, $4, or $6) brings supply and demand into equilibrium

At the equilibrium price, consumer surplus is $_______, producer surplus is $________, and total surplus is $_______.

If Sean produced and Musashi consumed one less bottle of water, total surplus would (rise or fall).

If instead, Sean produced and Musashi consumed one additional bottle of water, total surplus would (rise or fall).