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Resources | C Hint Check Answer gnment Sco 2485/3100 Give Up? tion kan ng crab is one of the most prized shellish. Suppose that, to protect their numbers, the Alaskan government allows 5 allion pounds of crab to be caught during the fishing season so that the Alaskan king crab population remains at an aly 1 environmentally sustainable level. The graph includes the supply and demand curves for Alaskan king crab Please label the graph appropriately Not all terms will be used. 5.00 Answer Bank quota ren 4.00 price ceiling price floor deadweight lossquota 3.50 2.00
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Answer #1

Triangle ABE is dead weight loss

vertical line is quota output

rectangle : Quota Rent, total quota output multiplied by difference between price paid by buyers & price received by sellers.

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