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Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406

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Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406
Textbook Problem

Samantha is flying from San Diego, California to Arlington, Texas, on a commercial airliner. She asks for an aisle seat, but only middle seats are left. Why aren’t any aisle seats left? (Hint: The airline charges the same price for an aisle seat as a middle seat.)

To determine

The non-availability of aisle seats.

Explanation

The lack of availability of aisle seats is due to the reason that the demand for aisle seats is higher than the other seats. The number of aisle seats is fixed which leads to an excess demand for the aisle seats. This scarcity of the seats gives rise to a shortage for the aisle seats as all the seats are charged at an equal price...

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