Table: Market for Fried Twinkies Market for Fried Twinkies Quantity Demanded (units) Quantity Supplied (units) Price (unit) $I.10 9,000 8,000 7,000 3,000 5,000 7,000 1.20 1.30 1.40 6,000 9,000 1.50 5,000 1,100 (Table: Market for Fried Twinkies) Look at the table The Market for Fried Twinkies. Suppose researchers in the public health department suggest the government to limit the quantity of Fried Twinkies sold on the market to 5,000 units. What will be the quota rent per unit of Fried Twinkies? O $1.2 O $1.5 O None of these options is correct. O $1.3 O Need more information to tell.
Table: Market for Fried Twinkies Market for Fried Twinkies Quantity Demanded (units) Quantity Supplied (units) Price (unit) $I.10 9,000 8,000 7,000 3,000 5,000 7,000 1.20 1.30 1.40 6,000 9,000 1.50 5,000 1,100 (Table: Market for Fried Twinkies) Look at the table The Market for Fried Twinkies. Suppose researchers in the public health department suggest the government to limit the quantity of Fried Twinkies sold on the market to 5,000 units. What will be the quota rent per unit of Fried Twinkies? O $1.2 O $1.5 O None of these options is correct. O $1.3 O Need more information to tell.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Table: Market for Fried Twinkies
Market for Fried Twinkies
Quantity Demanded
(units)
Quantity Supplied
(units)
Price (unit)
$1.10
1.20
9,000
8,000
7,000
6,000
5,000
3,000
5,000
7,000
9,000
1.30
1.40
1.50
1,100
(Table: Market for Fried Twinkies) Look at the table The Market for Fried Twinkies. Suppose
researchers in the public health department suggest the government to limit the quantity of
Fried Twinkies sold on the market to 5,000 units. What will be the quota rent per unit of Fried
Twinkies?
O $1.2
O $1.5
O None of these options is correct.
O $1.3
O Need more information to tell.
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