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  3. Study Set
    Microeconomics Study Set 40
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    Exam 5: Price Controls and Quotas: Meddling With Markets
  5. Question
    Figure: the Shrimp Market
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Figure: the Shrimp Market

Question 35

Question 35

Essay

Figure: The Shrimp Market
(Figure: The Shrimp Market) Look at the figure The Shrimp Market.If the government imposes
a quota limiting sales of shrimp to 1,000 pounds, the quota rent per pound is:
A.$15.
B.$10.
C.$5.
D.$0.

Correct Answer:

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