One of the two major airlines serving a city has decreased the price of its fights. What impact wil his have on demand for car rentals in the city? Willingness to pay for car rentals will increase by the amount of the airfare reduction Willingness to pay for car rentals will increase by an unknown amount Demand for car rentals will not be impacted by the airfare reduction. Demand for car rentals will shift to the left

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The impact of a decrease in the price of flights from one of the major airlines serving a city on th... View the full answer