Use the willingness-to-pay information about the buyers (Ariel, Bridget, and Connie) and the willingness-to-accept information about the sellers (Daniel, Etienne, and Franklin) below to construct a "stepped" demand and supply diagram. (You'll also have one question to answer below.)

Willingness-To-Pay information

Ariel Bridget Connie

willingness-to-pay for the 1stwidget $7 $7 $8

willingness-to-pay for the 2ndwidget $6 $5 $7

willingness-to-pay for the 3rdwidget $4 $4 $6

willingness-to-pay for the 4thwidget $3 $3 $5

willingness-to-pay for the 5thwidget $1 $2 $3

Willingness-To-Accept information

Daniel Etienne Franklin

willingness-to-accept for the 1stwidget $1 $2 $3

willingness-to-accept for the 2ndwidget $2 $3 $5

willingness-to-accept for the 3rdwidget $4 $5 $7

willingness-to-accept for the 4thwidget $7 $7 $8

willingness-to-accept for the 5thwidget $8 $9 $11

(To create the curves, you'll first need to create the demand and supply schedules. Once you've got the demand and supply schedules, you can refer tothis tutorialhttps://docs.google.com/document/d/1GKHUnF5r4tJJOvy6YnteYZmkRHMnM-Gtyus1VlbmPGI/edit to see how to construct the curves.)

Draw by hand, or use a software program, to create the demand and supply schedules based on these tables. Then, use the Assessment called "GA: Consumer and Producer Surplus -- PART 2" to upload your drawing. Note that these tables will not show up in that Assessment; it is simply there so you have somewhere to upload the drawing.

Drawing should have the following things clearly labeled: the demand curve, the supply curve, the area of consumer surplus, and the area of producer surplus.

So here's the question you have to answer before you submit this part:

What's the dollar value of the total surplus (consumer surplus plus producer surplus)?