Question

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.

Answer 1

Answer:

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.