On a tropical island the only good that exists is coconuts.If the price of each coconut is P then the citizens of the island ask for () = 1200100 per week and the producers offer () = 100.

a)What is the equilibrium value and quantity?

b)The king of the island decides to impose a tax which says that for every coconut that a citizen buys he must buy another one and give it to the king.If the price received by producers is _s, what is the price paid by nationals to consume an extra coconut?

c)Based on the above answer, the new demand function of the island's citizens is mentioned (in price _s).

d)It also mentions the demand function for coconuts and the subjects and the king together.

e)What is the price the producers receive, what is the price paid by the consumers, how many coconuts do the citizens consume and how many coconuts does the king consume?