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Question 122

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Figure: The Shrimp Market Use the following to answer questions: Figure: The Shrimp Market   -(Figure: The Shrimp Market) Use Figure: The Shrimp Market.If the government imposes a quota limiting sales of shrimp to 250 kilograms,it will have the same effect on transactions as a price floor of: A)  $17.50. B)  $10. C)  $7.50. D)  The answer cannot be determined from the information provided.
-(Figure: The Shrimp Market) Use Figure: The Shrimp Market.If the government imposes a quota limiting sales of shrimp to 250 kilograms,it will have the same effect on transactions as a price floor of:


A) $17.50.
B) $10.
C) $7.50.
D) The answer cannot be determined from the information provided.

Correct Answer:

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