DescriptionWe prove a conjecture of Buch and Mihalcea in the case of the incidence varietyX = Fl(1, n − 1; n) and determine the structure of its (T-equivariant) quantum K-theory ring. Our results are an interplay between geometry and combinatorics. The geometric side concerns Gromov-Witten varieties of 3-pointed genus 0 stable maps to X with markings sent to Schubert varieties, while on the combinatorial side are formulas for the (equivariant) quantum K-theory ring of X. We prove that the Gromov-Witten variety is rationally connected when one of the defining Schubert varieties is a divisor and another is a point. This implies that the (equivariant) K-theoretic Gromov-Witten invariants defined by two Schubert classes and a Schubert divisor class can be computed in the ordinary (equivariant) K-theory ring of X. We derive a positive Chevalley formula for the equivariant quantum K-theory ring of X and a positive Littlewood-Richardson rule for the non-equivariant quantum K-theory ring of X. The Littlewood-Richardson rule in turn implies that non-empty Gromov-Witten varieties given by Schubert varieties in general position have arithmetic genus 0.