Question
https://www.youtube.com/watch?v=CNCjdAuCbZA&t=5s In 2013, that FAA ruled that before a pilot can be granted an Airline Transport Pilot License, they must accrue 1500 hours total flight
https://www.youtube.com/watch?v=CNCjdAuCbZA&t=5s
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:
a. With the help of graph to explain the impact of this tighter licensing regulation on the market for airline trips. Explain 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. NEED HELP WITH GRAPH
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