Use the following to answer question:
-(Figure: The Shrimp Market)Use Figure: The Shrimp Market.If the government wants to limit shrimp sales to 250 pounds,it can impose a _____ excise tax on sellers,and the total tax revenue generated will be _____.

Question

Use the following to answer question: 
-(Figure: The Shrimp Market)Use Figure: The Shrimp Market.If the government wants to limit shrimp sales to 250 pounds,it can impose a _____ excise tax on sellers,and the total tax revenue generated will be _____.

Quizplus · Accepted Answer

The excise tax needed to limit sales to 250 pounds is $10, and with 250 pounds sold, the total tax revenue is 250 pounds * $10 = $2,500.

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