1. Historically, Bombardier specialized in producing regional jets, which are smaller short-range jets with up to 100 seats. In 2008, it secured a launch customer for the new Cseries, a family of 100- 149 seats mid-range aircraft, which is scheduled to enter service in late 2015. The Cseries will reduce fuel consumption by 20% through use of advanced materials and a more fuel efficient engine, the Pratt & Whitney PWIODOG. (a) Draw the market demand for jet aircraft. ( Hint: You are free to assume any data necessary to draw the demand} lb} Use your gure to explain how changes in the consumer demand for air travel affect the airline demand for jet aircraft (c) If travelers are less sensitive to fare increase, how would that affect the demand for fuel-efficient aircraft? (d) How does the price of oil affect the demand for advanced materials