Suppose That King Kanuta Demands That Each of His Subjects

Suppose that King Kanuta demands that each of his subjects give him 1 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) = 4,000 - 100p_d, where p_d is the price paid by consumers.In equilibrium, the price received by suppliers will be

A) $24.
B) $20.
C) $40.
D) $16.
E) None of the above.

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