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what happens to total surplus when the production increases and the demand decreases? and then what happens to total surplus when both the production and

what happens to total surplus when the production increases and the demand decreases?

and then what happens to total surplus when both the production and demand increase?

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Chrome File Edit View History Bookmarks Profiles Tab Window Help 9 Q Sat Jul 3 3:47 PM MindTap - Cengage Learning X Course Hero X + ng.cengage.com/staticb/ui/evo/index.html? deploymentld=5984331885001331312624185366&elSBN=9780357133699&id=1196... Apps M Gmail Reading List colle Amber v CENGAGE |MINDTAP ? 19 Dexter and Jillian & Q Search this course Neiko/Nicky My Home Topic 3 Assignment X Courses Suppose Alex is the only seller in the market for bottled water and Raphael is the only buyer. The following lists show the value Raphael place bottle of water and the cost Alex incurs to produce each bottle of water: Catalog and Study Tools Cleo special pictures ref Rental Options A-Z Raphael's Value Alex's Costs College Success Tips Value of first bottle: $10 Cost of first bottle: $1 Value of second bottle: $7 Cost of second bottle: $3 Career Success Tips Value of third bottle: $3 Cost of third bottle: $7 ? Help Value of fourth bottle: $1 Cost of fourth bottle: $10 recommendations Give Feedback The following table shows their respective supply and demand schedules: Price Quantity Supplied Quantity Demanded pongo More than $10 4 0 $7 to $10 N W $3 to $7 W N H $1 to $3 OH $1 or less A+ den- ECN-351 Readings JUL 3 A O WChrome File Edit View History Bookmarks Profiles Tab Window Help 9 Q Sat Jul 3 3:47 PM MindTap - Cengage Learning X Course Hero X + ng.cengage.com/staticb/ui/evo/index.html? deploymentld=5984331885001331312624185366&elSBN=9780357133699&id=1196... Apps M Gmail Reading List CENGAGE | MINDTAP ? 19 Dexter and Jillian & colle Amber v Q Search this course Neiko/Nicky My Home Topic 3 Assignment X Courses Catalog and Study Tools Cleo special pictures A-Z ref Rental Options Use Alex's supply schedule and Raphael's demand schedule to find the quantity supplied and quantity demanded at prices of $2, $6, and $9. these values in the following table. College Success Tips Price Quantity Supplied Quantity Demanded Career Success Tips 2 ? Help recommendations Give Feedback A price of brings supply and demand into equilibrium. At the equilibrium price, consumer surplus is $ , producer surplus is $ , and total surplus is $ bongo If Alex produced and Raphael consumed one less bottle of water, total surplus would . Screen Shot 2021-07-0....29 PM.png If instead, Alex produced and Raphael consumed one additional bottle of water, total surplus would Grade It Now Save & Contin Continue without A+ den- ECN-351 Readings JUL 3 N

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