5. Which of the following is not true? a. A rise in price the of air travel causes demand to fall. b. A rise in the price of air travel causes a rise in the demand for train travel over similar routes. c. Where the price of air tickets is above equilibrium, supply will exceed demand. d. Where the price of air tickets is above equilibrium, supply will exceed.

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Q: $17.00 $16.00 $15.00 $14.00 $13.00 $12.00 $11.00 $10.00 $9.00 S8.00 +Demand 57 00 56 00 $500 $4.00…

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