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 is the quota wedge?
A.P₁ - P₂
B.P₂ - P₃
C.P₁ - P₃
D.P₁ + P₂

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 is the quota wedge? 
A.P₁ - P₂
B.P₂ - P₃
C.P₁ - P₃
D.P₁ + P₂

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 is the quota wedge? 
A.P₁ - P₂
B.P₂ - P₃
C.P₁ - P₃
D.P₁ + P₂

Figure: the Market for Round-Trip Airline Flights