Which of the Following Would Be the LEAST Likely Result

question 114

Multiple Choice

Which of the following would be the LEAST likely result of a price floor in the market for airline travel?

• A) rapid replacement of old airliners with new aircraft
• B) narrow seats and basic meals like peanuts or chips with a coffee or soda
• C) special incentives like airline mileage clubs to attract customers
• D) excellent engine maintenance

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Definitions:

Standard Deviation

The positive square root of the variance.

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The action of calling public attention to products, services, needs, etc., especially by paid announcements in print, broadcast, or electronic media.

Sales

The activity or business of selling products or services.

Equation

A mathematical statement that asserts the equality of two expressions, typically involving variables and constants.