Solved

Use the Following to Answer Questions

Question 160

Multiple Choice

Use the following to answer questions: 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.
-(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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions