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Assume that an effective vaccine of COVID-19 will be available in the end of 2020. Please apply the demand and supply analysis to predict the
Assume that an effective vaccine of COVID-19 will be available in the end of 2020. Please apply the demand and supply analysis to predict the change of market equilibrium price and quantity for the airline travel in the first quarter of 2021 by stating the possible shift(s) of demand/supply curves compared with the current equilibrium.
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