VistaCre: X Beautiful X Air Filter X ECN-351 X MindTap XAvery De X Shoppin X Homewo XC 12. Prob x C 6. Proble X https://ng.cengage.com/static/nb/ui/evo/index.html?deploymentId=5984331885001331312624185366&elSBN 9780357133699&id=1682487056&s... Dorine My Home Courses Catalog and Study Tools + Update Q Search this course ? * < CENGAGE MINDTAP Topic 3 Assignment Suppose Kevin is the only seller in the market for bottled water and Edison is the only buyer. The following lists show the value Edison places on a bottle of water and the cost Kevin incurs to produce each bottle of water: Rental Options Edison's Value College Success Tips Career Success Tips Value of first bottle: Value of second bottle: $5 Value of third bottle: $3 $7 Help Value of fourth bottle: $1 Give Feedback Avery2237-LightT-....pdf 56F Clear Kevin's Costs Cost of first bottle: $1 Cost of second bottle: $3 Cost of third bottle: $5 Cost of fourth bottle: $7 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 $5 2 2 $5 to $7 1 3 More than +7 images (1).png O Search L A-Z bongo A Show all 6:59 PM 1/16/2023 21 * VistaCre: X Beautiful X Air Filter X ECN-351 X MindTap X Avery De X Shoppin X Homewc X C 12. Prob x C 6. Proble X + Dorine My Home Courses https://ng.cengage.com/static/nb/ui/evo/index.html?deploymentId=5984331885001331312624185366&elSBN 9780357133699&id=1682487056&s... < CENGAGE MINDTAP Topic 3 Assignment More than $7 0 Catalog and Study Tools Update Q Search this course ? Use Kevin's supply schedule and Edison's demand schedule to find the quantity supplied and quantity demanded at prices of $2, $4, and $6. Enter these values in the following table. Price Quantity Demanded Quantity Supplied Rental Options College Success Tips Career Success Tips Help 2 Give Feedback 4 6 3 2 1 2 3 A price of $4 brings supply and demand into equilibrium. At the equilibrium price, consumer surplus is $4, producer surplus is $4 and total surplus is $8 Avery2237-LightT-....pdf If Kevin produced and Edison consumed one less bottle of water, total surplus would If instead, Kevin produced and Edison consumed one additional bottle of water, total surplus would images (1).png 56F Clear O Search L A-Z bongo A Show all 6:59 PM 1/16/2023 21 * VistaCre: X Beautiful X Air Filter X ECN-351 X MindTap XAvery De X Shoppin X Homewo XC 12. Prob x C 6. Proble X + Dorine My Home Courses https://ng.cengage.com/static/nb/ui/evo/index.html?deploymentId=5984331885001331312624185366&elSBN 9780357133699&id=1682487056&s... < Catalog and Study Tools Rental Options College Success Tips Career Success Tips Help Give Feedback Avery2237-LightT-....pdf 56F Clear CENGAGE MINDTAP Topic 3 Assignment Update Q Search this course ? Use Kevin's supply schedule and Edison's demand schedule to find the quantity supplied and quantity demanded at prices of $2, $4, and $6. Enter these values in the following table. Price Quantity Demanded Quantity Supplied 2 4 6 3 2 2 3 A price of $4 brings supply and demand into equilibrium. At the equilibrium price, consumer surplus is $4, producer surplus is $4 and total surplus is $8 ' If Kevin produced and Edison consumed one less bottle of water, total surplus would If instead, Kevin produced and Edison consumed one additional bottle of water, total surplus would images (1).png O Search L A-Z bongo A Show all 6:59 PM 1/16/2023 21