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Unit 2 - Small Business 5 CONTINUE TO USE GRAPH #2. Scenario 1.2. Now that your planes are back in the air, someone discovered snakes on a plane and the demand for flights has dropped from fear. PRICE DEMAND (QD2) 0 420 200 300 400 220 600 180 800 120 1000 0 19. What is the new equilibrium price? 20. What is the new number of flights at equilibrium? 21. (Determinant) What was the cause of the shift? 22. What is the price change's elasticity? 23. If the airline kept the original price, would it create a surplus or shortage? How much? 24. Who benefits? How? CONTINUE TO USE GRAPH #2. Scenario 1.3. During the middle snake crisis, the other half of your fleet of planes is grounded due to another government recall which shifts your supply back to QS2. 25. What is the new equilibrium price? 26. What is the new number of flights at equilibrium? 27. (Determinant) What was the cause of the shift? WO 28. What is the price change's elasticity? 29. If the airline kept the original price, would it create a surplus or shortage? How much? 30. Who benefits? How