Suppose That King Kanuta, Whom You Met in Your Workbook

question 12

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

---

Definitions:

Parents

Guardians or caretakers who are responsible for the upbringing and well-being of a child.

Fowler's

Fowler's is often associated with James Fowler's stages of faith development, a theory that outlines the development of faith and belief systems throughout a person's life.

Individuative-Reflective

A stage of faith development proposed by James Fowler, characterized by the development of a personal identity and belief system that is independent from external authorities.

Faith Development

A process or framework explaining how an individual's understanding and expression of faith changes over time.