Supply: P = -7 + 0.04Q[Yes, that's a negative Y-intercept; some of the books are taking up room in the closets of parents who would pay to have them carted off]

Demand: P = 220 - 0.02Q

• (3 pts) If the collector who most values the book acquires it from the parents who most hate having the book take up space, how much Total Surplus is created in that transaction? (You can round to the nearest integer. Hint: base this on the conceptual videos, not the problem videos)
• (2 pts) Suppose the people from part (a) agree that the collector can have the book for $100.How much CS is created?How much PS?
• (4 pts) What will be the market equilibrium price and quantity?
• (6 pts) How much CS will be created in this market?How much PS?How much TS?