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During to the recent Covid-19 virus the demand for airline tickets to Italy has drastically changed. Prior to the outbreak, a one-way airline ticket from
During to the recent Covid-19 virus the demand for airline tickets to Italy has drastically changed. Prior to the outbreak, a one-way airline ticket from New York to Rome averaged $296 with 25 million tickets sold. Draw the supply and demand curves prior to the outbreak include the price equilibrium Demonstrate on the graph the effect of the virus on either the demand or supply curve Which determinant, if any, applies to the change.
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