Suppose That King Kanuta from Problem 11 Demands That Each

question 16

Multiple Choice

Suppose that King Kanuta from Problem 11 demands that each of his subjects give him 4 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) = 2,080 - 100p_d, where p_d is the price paid by consumers. In equilibrium, the price received by suppliers will be

• A) $4.
• B) $10.40.
• C) $52.
• D) $6.
• E) None of the above.

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Definitions:

Communist Control Act

A U.S. federal law enacted in 1954 that aimed to outlaw the Communist Party USA and criminalize membership in, or support for, the party or "communist-action" organizations.

Communist Party

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A situation of urgent crisis declared by a government, granting it the authority to implement special measures to ensure public safety and order.

Rosa Parks

An African American civil rights activist best known for her pivotal role in the Montgomery Bus Boycott by refusing to give up her seat to a white person in 1955.