Problems 7-4 It is a hot day, and Larry is thirsty. Here is the value he places on a bottle of water: Value of first bottle: $7 Value of second bottle: $5 Value of third bottle: $3 Value of fourth bottle: $1   From this information, complete the following table by deriving Larry’s demand schedule. Price Quantity Demanded More than $7   $5.01 to $7   $3.01 to $5   $1.01 to $3   $1 or fewer

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