1.Provide detailed explanations regarding demand and supply to explain the following events for the air travel market:

a.Expectations of increases in incomes of households.

b.A substantial increase in the price of bus fares.

c.A big discount for round-trip train travel.

2.Canada's unemployment rate is high, above 9%. According to the following what should Canadian economists do to reduce unemployment:

a.Classical economists

Keynesian theorists