Refer to Exhibit 5-5. If the airline charges price P1 for both aisle seats and middle seats, the result will be Group of answer choices

a surplus of middle seats and the equilibrium quantity of aisle seats.

a surplus of aisle seats and the equilibrium quantity of middle seats.

Question

Business

Miranda Suarez

7 July, 02:16

Refer to Exhibit 5-5. If the airline charges price P1 for both aisle seats and middle seats, the result will be Group of answer choices

a surplus of middle seats and the equilibrium quantity of aisle seats.

a surplus of aisle seats and the equilibrium quantity of middle seats.

+3

Answers (1)

Know the Answer?

Clark Mccoy · Answer 1

a surplus of middle seats and the equilibrium quantity of aisle seats.

Explanation:

Aisle seats are already preferred by people. So, increasing rate of middle seats will make people more attracted towards aisle seats. So, a surplus of middle seats and the equilibrium quantity of aisle seats.

Refer to Exhibit 5-5. If the airline charges price P1 for both aisle seats and middle seats, the result will be Group of answer choicesa surplus of middle seats and the equilibrium quantity of aisle seats.a surplus of aisle seats and the equilibrium quantity of middle seats.

Refer to Exhibit 5-5. If the airline charges price P1 for both aisle seats and middle seats, the result will be Group of answer choices

a surplus of middle seats and the equilibrium quantity of aisle seats.

a surplus of aisle seats and the equilibrium quantity of middle seats.