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

Felix's Value

Value of first bottle:

$10

Value of second bottle:

$7

Value of third bottle:

$3

Value of fourth bottle:

$1

Larry's Costs

Cost of first bottle:

$1

Cost of second bottle:

$3

Cost of third bottle:

$7

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

$1 to $3

1 3

$1 or less

0 4

Use Larry'ssupply schedule and Felix'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 1 3

6 2 2

9 3 1

Equilibrium price is $6

At the equilibrium price___, consumer surplus is___, producer surplus is, and total surplus is____.

If Larry produced and Felix consumed one less bottle of water, total surplus would___.