Solution-Policies on consumer surplus and welfare

Policies on consumer surplus and welfare

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Reference no: EM131998725

Two policies are considered to reduce the amount of visitors to a national park. Raising the price of admissions, and setting a quota that limits the number of visits to 3m. Compare the effect of these two policies on consumer surplus and welfare. Use a graph to show which policy is superior.

Reference no: EM131998725

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Policies on consumer surplus and welfare

Reference no: EM131998725

Reference no: EM131998725

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