Consider the market for airline tickets. Which of the following events will NOT generate deadweight loss?A. A Recession causing incomes to fall.B. A quota on the number of airline tickets allowed to be sold every year.C. A price ceiling set below the equilibrium priceD. An excise tax put on airline tickets

The event that will NOT generate deadweight loss in the market for airline tickets is A. A Recession causing incomes to fall.

Here's why:

A. A Recession causing incomes to fall: This is a change in market conditions, not a government intervention. It may reduce demand for airline tickets, but it doesn't create a deadweight loss. Deadweight loss is a loss of economic efficiency that occurs when the equilibrium for a good or a service is not achieved. In this case, the market can still achieve equilibrium, albeit at a lower level of demand and possibly price.

B. A quota on the number of airline tickets allowed to be sold every year: This is a type of government intervention that restricts supply. It can create a deadweight loss because it prevents transactions that would benefit both buyers and sellers from taking place.

C. A price ceiling set below the equilibrium price: This is another type of government intervention that can create a deadweight loss. If the price is set below the equilibrium level, it will increase demand and reduce supply, leading to a shortage.

D. An excise tax put on airline tickets: This is a tax on a specific good or service, which can also create a deadweight loss. The tax increases the price for buyers and decreases the price for sellers, reducing the quantity of airline tickets sold.