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the 9/11terrorist attacks caused the us airline travel demand curve to shift left by an estimated 30% .

the 9/11terrorist attacks caused the us airline travel demand curve to shift left by an estimated 30% . use a supply and demand diagrm to show the likely effect on price and quantity assuming the market is competitive. indicate the magnitude of the likely equilibrum price and quantity effects, for example would you expect equilibrum quantity to change by about 30% ? show how the answer depends on the shape and location of the supply and demand curves.

This question was asked on Jan 21, 2013.

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