Question: Supply and demand equilibrium Average Fare in $ 1000 800 600 400 200 JFK-LAX Airline Traffic 4 6 8 10 12 14 Daily Passengers (in

Supply and demand equilibrium Average Fare in $ 1000 800 600
  1. Supply and demand equilibrium
400 200 JFK-LAX Airline Traffic 4 6 8 10 12 14 Daily

Average Fare in $ 1000 800 600 400 200 JFK-LAX Airline Traffic 4 6 8 10 12 14 Daily Passengers (in thousands) Demand Supply 16 18

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