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 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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