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Question 196

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Figure: The Shrimp Market Use the following to answer questions: Figure: The Shrimp Market   -(Figure: The Shrimp Market)  Look at the figure The Shrimp Market. If the government wants to limit shrimp sales to 500 pounds, it can impose a _____ excise tax on sellers, and the total tax revenue generated will be _____. A)  $5; $2,500 B)  $7.50; $7,500 C)  $10; $2,500 D)  The answer cannot be determined from the information provided.
-(Figure: The Shrimp Market) Look at the figure The Shrimp Market. If the government wants to limit shrimp sales to 500 pounds, it can impose a _____ excise tax on sellers, and the total tax revenue generated will be _____.


A) $5; $2,500
B) $7.50; $7,500
C) $10; $2,500
D) The answer cannot be determined from the information provided.

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