Consider the information given in the following table on four consumers in the market for premium bottled water. a. If the price of a bottle of premium bottled water is $1.50, what is the total...

Consider the information given in the following table on

four consumers in the market for premium bottled water.

a. If the price of a bottle of premium bottled water is

$1.50, what is the total consumer surplus received by

these consumers? Illustrate your answer with a graph.

b. Suppose the price of premium bottled water rises to

$2.50. Now what is the consumer surplus received by

these consumers? Illustrate your answer by using the

graph you prepared in part (a).