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D Question 13 5 pts (Figure: The Shrimp Market) Use Figure: The Shrimp Market. If the government imposes a quota limiting sales of shrimp to

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D Question 13 5 pts (Figure: The Shrimp Market) Use Figure: The Shrimp Market. If the government imposes a quota limiting sales of shrimp to 1,000 pounds, the quota rent per pound is: 1) choose the one you think is correct, 2) explain why this is correct or choose one incorrect option and explain why that option is incorrect (use theories you learnt from the course to explain, give proper calculation if needed) Figure: The Shrimp Market Price of shrimp (per pound) $22 50 20.00 17.50 15.00 12.50 10.00 7.50 5.00 2 50 0 250 500 750 1,000 1,250 1,500 1,750 Quantity of shrimp (in pounds) A. $15 B. $10. C. $5. D. $0

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