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Prices: The Marketplace's Communication System (Page One Economics)

Remember when airlines started charging for checked bags? What happened to the number of checked bags after this added charge? And what happened to the availability of in-cabin storage space on planes? The April 2013 issue answers these questions and discusses the pivotal role price plays in a market economy.

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Audience:   High School, Consumers, College
Language:   English
Subjects:   AP Economics, Economics, Data Literacy
Resource Types:   Publications, Lessons
Concepts:   Market Structure, Markets, Market Equilibrium, Incentives