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16 1 pts (Figure: The Alaskan Crab Market) Use Figure: The Alaskan Crab Market. If the government sets a quota to limit crab sales to
16 1 pts (Figure: The Alaskan Crab Market) Use Figure: The Alaskan Crab Market. If the government sets a quota to limit crab sales to 500 pounds, the quota rent (wedge) and the deadweight loss are which of the following? Price of crab (per pound) $22.50 20.00 S 17.50 15.00 12.50 10.00 7.50 5.00 D 2.50 0 250 500 750 1,000 1,250 1,500 1,750 Quantity of crab (pounds) $12.50; $6,250. $15; $7,500 $5, $625 O $10; $5,000
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