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Rising jet fuels prices recently led most major U.S airlines to raise fare by approximately 15 percent. Explain how this substantial increase in airfares would affect the following:
A. The demand for air travel.
B. The demand for hotels.
C. The demand for rental cars.
D. The supply of overnight mail.

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https://brainmass.com/economics/demand-supply/applied-problem-409455

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A. The quantity of air travel demanded will decrease as it will cost more to fly and less individuals and businesses will have the available increased disposable income to do so.

B. The quantity of hotels demanded will decrease as travel ...

Solution Summary

Rising jet fuels prices recently led most major U.S airlines to raise fare by approximately 15 percent. Explain how this substantial increase in airfares would affect the following:
A. The demand for air travel.
B. The demand for hotels.
C. The demand for rental cars.
D. The supply of overnight mail.

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