If the equilibrium price is ($400) for an aisle seat and ($350) for a middle seat but

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  • If the equilibrium price is \($400\) for an aisle seat and \($350\) for a middle seat but an airlines company charges \($350\) for each seat, we would expect a shortage to appear in the aisle seat market. (More people will want aisle seats than there are aisle seats available.) How will the airlines decide who gets an aisle seat?
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Microeconomics

ISBN: 9781337617406

13th Edition

Authors: Roger A Arnold

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