The September 11 Terrorist Attacks Turned Many People Awayfrom Flying

The September 11 terrorist attacks turned many people awayfrom flying. The demand and supply model would predictwhich of the following events in the airline travel market?

A) The supply of airline travel would decrease, resulting in a higher equilibrium price and lower equilibrium
Quantity.
B) The supply of airline travel would increase, resulting in a lower equilibrium price and higher equilibrium
Quantity.
C) The demand for airline travel would decrease, resulting in a lower equilibrium price and lower equilibrium quantity.(True
Answer ) Correct
D) The supply and demand for airline travel would decrease, resulting in a higher equilibrium price and higher equilibrium
Quantity.