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Suppose Eric is the only seller in the market for bottled water and Bob is the only buyer. The following lists show the value Bob

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Suppose Eric is the only seller in the market for bottled water and Bob is the only buyer. The following lists show the value Bob places on a bottle of water and the cost Eric incurs to produce each bottle of water: Bob's Value Eric'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 0 $7 to $10 3 1 $3 to $7 2 2 $1to $3 1 3 $1 or less 0 4 Use Eric's supply schedule and Bob'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 [ | L] 6 [ | L] o [ | ] A price of W brings supply and demand into equilibrium. The following table shows their respective supply and demand schedules: Price Quantity Supplied Quantity Demanded More than $10 4 0 $7 to $10 3 1 $3to $7 2 2 $1 to $3 1 3 $1 or less 0 4 Use Eric's supply schedule and Bob's demand schedule to find the quantity supplied and quantity demanded at prices of $2, $6, and $9. Enter th values in the following table. Price Quantity Supplied Quantity Demanded 2 L] L] L] 6 9 1 A price of 9 brings supply and demand into equilibrium. At the equilibrium price, consumer surplus is :' , producer surplus is l:] , and total surplus is l:, . If Eric produced and Bob consumed one less bottle of water, total surplus would If instead, Eric produced and Bob consumed one additional bottle of water, total surplus would

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