Académique Documents
Professionnel Documents
Culture Documents
2017300270
EC101.02
22.10.18
http://www.gazetevatan.com/tavan-taban-oldu-1192013-ekonomi/
Vacation sessions are periods where demand for airway transportation dramatically
increases. This increase causes the demand curve to shift to the right in the supply-demand curve.
Hence, supply and demand should reach the new equilibrium point. Therefore, the supply reacts
to this change with an increase in price. General Directorate of Civil Aviation, then, applies price
ceiling for limiting to pay more than normal. However, since the existing demand is higher than
the intersection point of the demand curve and price ceiling line, the supply can easily determine