Price Floors on Airlines

question 110

Multiple Choice

Price floors on airlines:

• A) kept ticket prices much lower than unregulated ticket prices.
• B) caused airlines to compete by offering customers higher-quality services, such as better meals and wider seats.
• C) reduced the quality of airline services (for example, less frequent flights, peanuts instead of meals).
• D) gave airlines an incentive to lower ticket prices to increase ticket sales.

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