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Figure: Lobster Market in the Figure, a $10 Tax

Question 162

Multiple Choice

Figure: Lobster Market Figure: Lobster Market In the figure, a $10 tax is imposed on the market for lobsters. What is the market price that lobster producers would need to receive to induce them to produce 5,000 bushels of lobster per day? A) $10 B) $40 C) $50 D) $60 In the figure, a $10 tax is imposed on the market for lobsters. What is the market price that lobster producers would need to receive to induce them to produce 5,000 bushels of lobster per day?


A) $10
B) $40
C) $50
D) $60

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