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

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Suppose Yakov is the only seller in the market for bottled water and Rajiv is the only buyer. The following lists show the value Rajiv places on a bottle of water and the cost Yakov incurs to produce each bottle of water: Rajiv's Value Yakov's Costs Value of rst bottle: $10 Cost of rst bottle: $1 Value of second bottle: $? 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 CI $1 to $3 3 1 $3 to $? 2 2 $? to $10 1 3 More than $10 0 4 Use Yakov's supply schedule and Rajiv'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 Demanded Quantity Supplied 2 6 9

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