[See Steps] Finally, return to simple market supply and demand analysis. Illustrate graphically the effects on airline prices and sales of two factors:


Question: Finally, return to simple market supply and demand analysis. Illustrate graphically the effects on airline prices and sales of two factors: 1) the change in demand considered until now and 2) rising resource (fuel) prices which we have ignored thus far. Considering these two effects together, can you say whether airline ticket prices will rise, fall or stay the same? What about quantities?

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