=+price of oil on the demand for air travel. (Hint: think about this in terms of the
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=+price of oil on the demand for air travel. (Hint: think about this in terms of the substitutes for air travel, like driving.)
c. Put the diagrams from parts a and b together. What happens to the equilibrium price and quantity of air travel? Despite the fall in the cost of driving, many more Americans chose to fly to their destinations during 2014 to 2016, as incomes rose and people
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