Question: Consider the information given in the table on four consumers in the market for premium bottled water. Consumer Highest Price Willing to Pay Jill $4

 Consider the information given in the table on four consumers in

Consider the information given in the table on four consumers in the market for premium bottled water. Consumer Highest Price Willing to Pay Jill $4 Jose $3 Josh $2 Jordan $1 EC201B Principles of Microeconomics Homework Chapters 7 and 8 If the price of a bottle of premium bottled water is $1.50, the total consumer surplus received by these consumers is $ _. (Enter your response rounded to two decimal places.) Suppose the price of a bottle of premium bottled water rises to $2.50. Once the price of a bottle of premium bottled water rises to $2.50, the total consumer surplus received by these consumers is $ (Enter your response rounded to two decimal places.)

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