Consider a market in which Bert from problem 4 is the buyer and Ernie from problem 5 is the seller. a. Use Ernie’s supply schedule and Bert’s demand schedule to find the quantity supplied and quantity demanded at prices of $2, $4, and $6. Which of these prices brings supply and demand into equilibrium? b. What are consumer surplus, producer surplus, and total surplus in this equilibrium? c. If Ernie produced and Bert consumed one fewer bottle of water, what would happen to total surplus? d. If Ernie produced and Bert consumed one additional bottle of water, what would happen to total surplus?

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Answerthis solution will not form a precipitateexplanationsolubility equilbrium:         pbf₂(s)  ⇄ pb²⁺(aq) + 2 f⁻(aq)the solubility product expression is    (we exclude solids from the equilibrium expression).now suppose we have the trial ion product q, which we can define as    then, we can interpret  q as the product of the concentration of the ions that we have and ksp as the product of the ion concentrations that are needed to form a saturated solution.if q > ksp, then that implies that there will be a surplus of ions that exceed the amount that is required to form a saturated solution. a precipitate will then form (the precipitate continually  forms until the surplus ions are removed and q is decreased to ksp's value).if q = ksp, the saturated solution that forms is barely saturated and the precipitate will be minimal.if q < ksp, then the ion concentration will not be enough to form a saturated solution (so no precipitate).using our information, we calculate the trial ion product:     since q = 2.7  × 10⁻⁸ < ksp =  4  ×  10⁻⁸, a precipitate will not form.