Refer to the two tables below, which show, respectively, the willingness to pay and the willingness to accept of buyers and sellers of individual bags of oranges. For the following questions, assume that the equilibrium price and quantity depend on the following changes in supply and demand. Also assume that the only market participants are those listed by name in the two tables. Consumers Producers Actual Price Maximum Price Willing To Pay Actual Price (Equilibrium Price) Minimum Acceptable Price Person (Equilibrium Price) Person Bob $21 $10 Carlos $2 $10 Barb 16 10 Courtney 4 10 Bill 14 10 Chuck 6 10 Bart 12 10 Cindy 8 10 Brent 10 10 Craig 10 10 Betty 8 10 Chad 12 10

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