Decides to limit the number of flights to q1 to reduce air, Ask an Expert

Economics

The supply and demand graph represents the market for round-trip airline flights between Boston and New York. Suppose the mayor of NYC, Michael Bloomberg, decides to limit the number of flights to Q1 to reduce air pollution. What area(s) represent(s) consumer surplus after the quota is in place?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M966778

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