If the supply of aisle seats equals the supply of middle seats on an airplane, and the demand for aisle seats is _ than the demand for middle seats, then the equilibrium price of aisle seats will be __ the equilibrium price of middle seats.

If the supply of aisle seats equals the supply of middle seats on an airplane, and the demand for aisle seats is _____________ than the demand for middle seats, then the equilibrium price of aisle seats will be ______________ the equilibrium price of middle seats

.a. greater; higher than

b. less; higher than

c. greater; lower than

d. less; the same as

Equilibrium price is the price at which quantity demand equal quantity supplied. Above equilibrium price there is a surplus - quantity supplied exceeds quantity demanded.

Below equilibrium price there is a shortage - quantity demanded exceeds quantity supplied

If the demand for aisle seats exceeds the demand for middle seats, it means that equilibrium price for aisle seat would exceed equilibrium price

If the supply of aisle seats equals the supply of middle seats on an airplane, and the demand for aisle seats is _____________ than the demand for middle seats, then the equilibrium price of aisle seats will be ______________ the equilibrium price of middle seats.

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If the supply of aisle seats equals the supply of middle seats on an airplane, and the demand for aisle seats is _ than the demand for middle seats, then the equilibrium price of aisle seats will be __ the equilibrium price of middle seats.