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In the bracket are the options chose the right option for each question .-_._.._ . __.. 1-.. Suppose Antonio is the only seller in the

In the bracket are the options chose the right option for each question

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.-_._.._ . __.. 1-.. Suppose Antonio is the only seller in the market for bottled water and Shen is the only buyer. The following lists 5 bottle of water and the cost Antonio incurs to produce each bottle of water: Shen's Value Antonio'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 Demanded Quantity Supplied $1 or less 4 0 $1 to $3 3 1 $3 to $7 2 2 $7 to $10 1 3 More than $10 0 4 Use Antonio's supply schedule and Shen's demand schedule to nd the quantity supplied and quantity demanded these values in the following table. Price Quantity Demanded Quantity Supplied DUB DUB ($2.$6.$9) A price of V brings supply and demand into equilibrium. At the equilibrium price, consumer surplus is U , producer surplus is C], and total surplus is (Flise, fall) If Antonio produced and Shen consumed one less bottle of water, total surplus would V (Rise, fall) If instead, Antonio produced and Shen consumed one additional bottle of water, total surplus would V

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