Suppose That King Kanuta from Demands That Each of His

question 2

Multiple Choice

Suppose that King Kanuta from 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:

Same Level

Refers to entities, objects, or variables that are at an equal position or rank in a given context or hierarchy.

Supply Chain

The network of all the individuals, organizations, resources, activities, and technology involved in the creation and sale of a product, from the delivery of source materials from the supplier to the manufacturer, and ultimately to the end-user.

Horizontal Collaboration

A strategic partnership between firms at the same level in the supply chain, aimed at improving efficiency or gaining market advantage.

3PLs to 3PLs

The interaction or service exchange between third-party logistics providers, often to leverage each other's resources or networks.