8.1 The U.S. National Park Service wants to restrict the number of visitors to Yosemite National Park
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8.1 The U.S. National Park Service wants to restrict the number of visitors to Yosemite National Park to Q*, which is fewer than the current volume.
It considers two policies:
(a) raising the price of admissions and
(b) setting a quota that limits the number of visits by in-state residents. Compare the effects of these two policies on consumer surplus and welfare. Use a graph to show which policy is superior by your criterion.
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