An increase in the price of jet fuel will _______ air flights and the equilibrium quantity of air flights will _______.

Question

Quizplus · Accepted Answer

An increase in the price of jet fuel makes it more expensive for airlines to operate flights, leading to a decrease in the supply of air flights. As a result, the equilibrium quantity of air flights will decrease because there are fewer flights available at higher operational costs.

An Increase in the Price of Jet Fuel Will _______