Figure: The Market for Round-Trip Airline Flights (Figure: The Market for Round-Trip Airline Flights) Look at the figure The Market for
Round-Trip Airline Flights.The supply and demand graph represents the market for round-trip airline flights between Boston and New York.Suppose the mayor of New York decides to limit the number of flights to Q₁ to reduce air pollution.What area or areas represent consumer surplus after the quota is in place?

Question

Figure: The Market for Round-Trip Airline Flights  (Figure: The Market for Round-Trip Airline Flights) Look at the figure The Market for
Round-Trip Airline Flights.The supply and demand graph represents the market for round-trip airline flights between Boston and New York.Suppose the mayor of New York decides to limit the number of flights to Q₁ to reduce air pollution.What area or areas represent consumer surplus after the quota is in place?

Quizplus · Accepted Answer

The Answer of Figure: The Market for Round-Trip Airline Flights  (Figure: The Market for Round-Trip Airline Flights) Look at the figure The Market for
Round-Trip Airline Flights.The supply and demand graph represents the market for round-trip airline flights between Boston and New York.Suppose the mayor of New York decides to limit the number of flights to Q₁ to reduce air pollution.What area or areas represent consumer surplus after the quota is in place?

Figure: the Market for Round-Trip Airline Flights (Figure: the Market