Suppose That King Kanuta from Problem 11 Demands That Each

question 2

Multiple Choice

Suppose that King Kanuta from Problem 11 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) = 2,666.67 - 100p_d, where p_d is the price paid by consumers. In equilibrium, the price received by suppliers will be

• A) $8.
• B) $12.
• C) $13.33.
• D) $40.
• E) None of the above.

---

Definitions:

Chronic Disorders

Health conditions that persist for a long time, often lifelong, demanding continuous management and care.

Acute Illnesses

Short-term health conditions that develop suddenly and have a rapid onset of symptoms, often requiring immediate attention.

Hopeless Attitude

A feeling or mindset characterized by a lack of hope, optimism, or enthusiasm towards life or specific situations.

Medical Advice

Recommendations or guidance provided by healthcare professionals based on medical knowledge to aid in decision making regarding a person’s health.