Look at the graph below to answer the following questions:1*4 = 4

a. Which area is the consumer surplus without medallion requirement?

b. Which area is the producer surplus without medallion requirement?

c. Which area is the consumer surplus with medallion requirement?

d. Which area is the producer surplus with medallion requirement?

Price (dollars per taxi ride) Supply with medallion requirement Supply without medallion requirement $30 20 10 0 79,200 1 00,000 Quantity (taxi rides per day)