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Question 27 1 pts Use the following to answer the question: Figure: The Shrimp Market Price of shrimp (per pound) $22.50 20.00 3 17.50 15.00
Question 27 1 pts Use the following to answer the question: Figure: The Shrimp Market Price of shrimp (per pound) $22.50 20.00 3 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 shrimp (in pounds) (Figure: The Shrimp Market) Use Figure: The Shrimp Market. If the market is originally in equilibrium and the government imposes an excise tax of $5 per unit of the good sold, government revenue will be: 0 $2,500 0 $500 0 $1,250 0 there is no tax revenue
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