Rising jet fuel cost recently led most major u.s. airlines, Ask an Expert

Economics

Air Travels Rising Jet Fuel Prices

Rising jet fuel prices recently led most major U.S. airlines to raise fares by approximately 15 percent. Explain how this substantial increase in airfares would affect the following:

1. The demand for air travel.
2. The demand for hotels.
3. The demand for rental cars.
4. The supply of overnight mail.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9212751

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