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    Business
  3. Study Set
    Macroeconomics Study Set 20
  4. Exam
    Exam 5: Supply,demand,and Price: Applications
  5. Question
    -Refer to Exhibit 5-5
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-Refer to Exhibit 5-5

Question 49

Question 49

Multiple Choice

  -Refer to Exhibit 5-5.If the airline charges a price that is higher than P<sub>2</sub>,the result will be a ________________ of middle seats and a ____________ of aisle seats. A)  shortage; shortage B)  surplus; surplus C)  surplus; shortage D)  shortage; surplus
-Refer to Exhibit 5-5.If the airline charges a price that is higher than P2,the result will be a ________________ of middle seats and a ____________ of aisle seats.


A) shortage; shortage
B) surplus; surplus
C) surplus; shortage
D) shortage; surplus

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