22. King Kanuta rules a small tropical island, Nutting Atoll, whose primary crop is coconuts. King Kanuta demands each of his subjects give him 2 coconuts for every coconut that they consume. The king puts all of the coconuts he collects in a large pile and burns them. The supply of coconuts is given by S (ps) = 100ps, where ps is the price received by suppliers. The demand for coconuts by the king's subjects is given by D (pp) = 2: 666 67- 100pp, where pp is the price paid by consumers. In equilibrium, the price received by suppliers will be (a) $8 (b) $12 (c) $13.33 (d) $40 (c) None of the above