You have recently been hired by Delta Airlines to work in its strategy division. For each of
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You have recently been hired by Delta Airlines to work in its strategy division. For each of the following, illustrate how Delta’s supply curve for airline flights will be affected by drawing a graph showing any changes.
a. The price of jet fuel falls.
b. Innovative new software allows Delta to more efficiently allocate its aircraft.
c. Delta has just signed a new labor contract that raises the hourly wage it pays to its employees.
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