A persons demand for books is given by the following equation: q = 6 0.5p + 0.0002i where q is the quantity demanded at price p when the persons income is I. Assume initially that the persons income is $40,000. a. At what price will demand fall to zero?

b. If the market price for books is $10, how many will be demanded?

c. At a price of $10, what is the consumer surplus?

d. If the price rises to $12, how much consumer surplus is lost?

e. If income were $60,000, what would be the consumer surplus loss from a price rise from $10 to $12?