Suppose That King Kanuta, Whom You Met in Your Workbook

question 3

Multiple Choice

Suppose that King Kanuta, whom you met in your workbook, demands that each of his subjects give him 2 coconuts for every coconut that they consume. The king puts all of the coconuts that he collects in a large pile and burns them. The supply of coconuts is given by S(p_s) = 100p_s, where p_s is the price received by suppliers. The demand for coconuts by the king's subjects is given by D(p_d) = 6,000 - 100p_d, where p_d is the price paid by consumers. In equilibrium, the price received by suppliers will be

• A) $30.
• B) $18.
• C) $90.
• D) $27.
• E) None of the above

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Definitions:

Sex

Biological classification of organisms, generally as male or female, based on reproductive anatomy and function.

Chromosome

A thread-like structure of nucleic acids and protein found in the nucleus of most living cells, carrying genetic information in the form of genes.

Individual

A single human being distinct from a group, class, or family, noted for unique identity and characteristics.

Genetic Combinations

Genetic combinations refer to the various genetic makeups produced through the mixing of parental genes.