Question: Need help understanding concept with graphs for a and b both as I can't understand how to differentiate the two https://www.youtube.com/watch?v=CNCjdAuCbZA In 2013, that FAA

Need help understanding concept with graphs for a and b both as I can't understand how to differentiate the two

https://www.youtube.com/watch?v=CNCjdAuCbZA

In 2013, that FAA ruled that before a pilot can be granted an Airline Transport Pilot License, they must accrue 1500 hours total flight time, which was a significant jump from the previous standard of 250 hours. Watch the short recent youtube video "Stupid Government Rules Create a Pilot Shortage" and address the following:

b. A graph to explain the impact of this tighter licensing regulation on the market for airline trips. Show in your graph how consumers and airlines are affected (look at flight prices, quantities, and consumer/producer surpluses). Does your analysis agree with the claims in the video (i.e., delays, cancellations, etc.)? Why or why not? Explain briefly.

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