Question: You are given the following individual demand and supply information for comic books:

Demand

Price Jim Ann Paul Total

$16 0 2 8
$14 0 8 9
$12 0 12 10
$10 2 14 11
$8 4 18 12
$6 6 22 13
$4 8 26 14
$2 10 30 15

Supply

Price Store 1 Store 2 Store 3 Total

$16 12 8 20
$14 11 7 17
$12 10 6 15
$10 9 5 13
$8 8 4 10
$6 7 3 9
$4 6 2 7
$2 5 1 5

a. Calculate the market demand and supply curves for comic books. (Note, you do not need to graph these, you can just provide your answer in a table.)

b. What is the equilibrium price and quantity for comic books?

c. Suppose Paul moves away and only Ann and Jim are interested in buying comic books. What are the new equilibrium price and quantity? Does the demand curve shift or the supply curve?