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Question: explain and graphically illustrate how each of the following events...

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Explain and graphically illustrate how each of the following events changes the demand or supply of air travel (state the direction of change in equilibrium price and quantity and state any assumptions that you make): Airfares increase, while long distance bus fares dont change. 1. a. b. The price of jet fuel falls. c. Airlines reduce the number of flights each day, additionally, the price of train travel falls
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