6. Problems and Applications Q6 Suppose Antonio is the only seller in the market for bottled water and Shen is the only buyer. The following lists show the value Shen places om a bottle of water and the cost Antonio incurs to produce each bottle of water: Shen's Value Antonio's Costs Value of first bottle: $9 Cost of first bottle: $1 Value of second bottle: $7 Value of third bottle: $4 Cost of second bottle: $4 Cost of third bottle: $7 Cost of fourth bottle: $9 Value of fourth bottle: $1 The following table shows their respective supply and demand schedules: Price Quantity Supplied Quantity Demanded More than $9 4 0 $7 to $9 3 1 $4 to $7 2 2 $1 to $4 1 3 $1 or less 0 4 Use Antonio's supply schedule and Shen's demand schedule to find the quantity supplied and quantity demanded at prices of $2, $5, and $8. Enter these values in the following table. Price Quantity Supplied Quantity Demanded 2 5 8 A price of brings supply and demand into equilibrium. At the equilibrium price, consumer surplus is s producer surplus is and total surplus is $ If Antonio produced and Shen consumed one less bottle of water, total surplus would If instead, Antonio produced and Shen consumed one additional bottle of water, total surplus would