1)During the summer break, families across the United States travel around the world. The airlines industry faced a sudden drop in the number of available airplanes due to technical reasons during these summer months. What do you expect to happen to the equilibrium price of airline tickets and equilibrium quantity?

Group of answer choices

Price will increase, but the change in quantity is ambiguous.

Quantity will increase, but change in the price is ambiguous.

Quantity will decrease, but change in the price is ambiguous.

Price will decrease, but the change in quantity is ambiguous.

2)Which of the following scenarios would represent a monopoly?

Group of answer choices

In a city, there is one animal shelter.

In a city, there are five conference centers for trade shows.

In a city, there are 600 different dentists.

In a city, there are four ride-sharing companies.

In a city, there are 100 different plumbers.