Multiple Choice
Use the following to answer questions:
-(Table: Market for Banana Muffins) Use Table: Market for Banana Muffins.Suppose that the government decides to reduce banana muffin consumption as part of a war on obesity.After careful study,the government decides to impose a quota of 5 000 on production of banana muffins this year.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.
Correct Answer:

Verified
Correct Answer:
Verified
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