Jamdung Airlines has been offering free giveaways for the past two months. If a consumer buys one ticket hecan get another half off plus a free inflight cocktail. The behaviour of the airline can be explained by:Select one:O a. The airline is heavily taxed.O b. The existence of a price floor in the market.O . The existence of a price ceiling in the market.O d. The airline has imposed a supply restriction.O e. The airline is making more than enough profits. The Surgeon General announces that eating chocolate increases tooth decay. As a result, the equilibrium priceof chocolateSelect one:O a. increases, and producer surplus decreases.O b. decreases, and producer surplus increases.O . decreases, and producer surplus decreases.O d. increases, and producer surplus increases.

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Jamdung Airlines has been offering free giveaways for the past two months. If a consumer buys one ticket he can get another half off plus a free inflight cocktail. The behaviour of the airline can be explained by: Select one: O a. The airline is heavily taxed. O b. The existence of a price floor in the market. O c. The existence of a price ceiling in the market. O d. The airline has imposed a supply restriction. e. The airline is making more than enough profits.

Jamdung Airlines has been offering free giveaways for the past two months. If a consumer buys one ticket he can get another half off plus a free inflight cocktail. The behaviour of the airline can be explained by: Select one: O a. The airline is heavily taxed. O b. The existence of a price floor in the market. O c. The existence of a price ceiling in the market. O d. The airline has imposed a supply restriction. e. The airline is making more than enough profits.

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter4: Supply And Demand: An Initial Look

Section: Chapter Questions

Problem 8DQ

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