Suppose the supply of aisle, middle, and window seats is each 100 seats but the demand for

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Suppose the supply of aisle, middle, and window seats is each 100 seats but the demand for aisle seats is greater than the demand for window seats, which, in turn, is greater than the demand for middle seats. If the equilibrium price of an aisle seat is $300, where do the equilibrium prices of middle and window seats stand in relation to this price?

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Microeconomics

ISBN: 9781337617406

13th Edition

Authors: Roger A Arnold

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