Use the following to answer questions :
Figure: The Shrimp Market
-(Figure: The Shrimp Market)Use Figure: The Shrimp Market.If the government wants to limit shrimp sales to 500 kilograms,it can impose a _____ excise tax on sellers,and the total tax revenue generated will be _____.

Question

Use the following to answer questions :
Figure: The Shrimp Market 
-(Figure: The Shrimp Market)Use Figure: The Shrimp Market.If the government wants to limit shrimp sales to 500 kilograms,it can impose a _____ excise tax on sellers,and the total tax revenue generated will be _____.

Quizplus · Accepted Answer

To limit sales to 500 kilograms, the government can impose a $5 excise tax, which would generate $2,500 in tax revenue (500 kg x $5).

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