#showyourwork 5. Price of shrimp (per pound) Supply price = $ $22.50 20.00 17.50 15.00 12.50 10.00 7.50 5.00 2.50 b. The quota rent per pound = 0 c. The suggested license fee = S a. If the government imposes a quota limiting sales of shrimp to 250 pounds, the Demand price = $ D 250 500 750 1,000 1,250 1.500 1,750 Quantity of shrimp (in pounds)

#showyourwork 5. Price of shrimp (per pound) Supply price = $ $22.50 20.00 17.50 15.00 12.50 10.00 7.50 5.00 2.50 b. The quota rent per pound = 0 c. The suggested license fee = S a. If the government imposes a quota limiting sales of shrimp to 250 pounds, the Demand price = $ D 250 500 750 1,000 1,250 1.500 1,750 Quantity of shrimp (in pounds)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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