Business, 16.02.2021 05:30 AshlynPlayz45

What will happen to the equilibrium price and quantity of airline fares as a result of the following two simultaneous changes (assume no other changes): I. the recent recession has encouraged people to save more, so fewer people decide to go on vacation. II. higher oil prices and weather-related difficulties have increased the cost of providing airline services.

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What will happen to the equilibrium price and quantity of airline fares as a result of the following...

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