CAREFULLY EXPLAIN WHAT IS HAPPENING IN THE FOLOWING MARKETS. INDICATE THE IMPACT IF ANY ON THE PRICE, QUANTITY, DEMAND AND SUPPLY IN THE MARKET FOR AIRLINE TICKETS, AIRLINE CARRIERS HAVE DRASTICALLY CUT FARES FOR INTERNATIONAL AIR TRAVEL RESULTING IN A 3% TICKET SALES. MEAN WHILE RECENT HEALTH CONSIDERATION DUE TO COVID-19 HAVE CAUSED AN 11% REDUCTION IN THE DEMAND FOR INTERNATIONAL TRAVEL.     IMPACT OF DEMAND IIMPACT OF SUPPLY IMPACT OF PRICE IMPACT OF QUANTITY

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Chapter4: Supply And Demand: An Initial Look
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CAREFULLY EXPLAIN WHAT IS HAPPENING IN THE FOLOWING MARKETS. INDICATE THE IMPACT IF ANY ON THE PRICE, QUANTITY, DEMAND AND SUPPLY

IN THE MARKET FOR AIRLINE TICKETS, AIRLINE CARRIERS HAVE DRASTICALLY CUT FARES FOR INTERNATIONAL AIR TRAVEL RESULTING IN A 3% TICKET SALES. MEAN WHILE RECENT HEALTH CONSIDERATION DUE TO COVID-19 HAVE CAUSED AN 11% REDUCTION IN THE DEMAND FOR INTERNATIONAL TRAVEL.

 

 

IMPACT OF DEMAND

IIMPACT OF SUPPLY

IMPACT OF PRICE

IMPACT OF QUANTITY

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To examine the impact of reducing airline ticket price and heath consideration to COVID-19 on the quantity, price, supply and demand.

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