The demand for air travel

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Reference no: EM1347935

Rising jet fuel prices recently led most major U.S. airlines to raise fares by approximately 15 percent. Explain how this substantial increase in airfares would affect the following:

a. The demand for air travel.
b. The demand for hotels.
c. The demand for rental cars.
d. The supply of over-night mail.

Reference no: EM1347935

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