(Table: Market for Fried Twinkies) Look at the Table Market

Essay

(Table: Market for Fried Twinkies) Look at the table Market for Fried Twinkies.Suppose the government decides to reduce fried Twinkie consumption as part of a "war on obesity." After careful study, the government decides to limit production (i.e., the government imposes a quota on production) of fried Twinkies to 5,000 for the current calendar year.Using the table, what price will producers charge if they obey the quota law?
A.$1.20
B.$1.30
C.$1.50
D.The answer cannot be determined with this information.