Using the historical data, construct a supply and demand curve/graph: Available Seat Miles = Demand. Revenue Passenger
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Using the historical data, construct a supply and demand curve/graph: Available Seat Miles = Demand. Revenue Passenger Miles = Supply
| Average Fare | Available Seat Miles | Revenue Passenger Miles |
| $244.71 | 40313263 | 20075949 |
| $244.71 | 42874137 | 21184556 |
| $244.71 | 35882035 | 20474551 |
| $259.12 | 19489079 | 2551127 |
| $259.12 | 17242845 | 6658185 |
| $259.12 | 24771861 | 13912065 |
| $260.20 | 42318254 | 22357665 |
| $260.20 | 37928427 | 22477683 |
| $260.20 | 53749328 | 36811555 |
| $260.67 | 40389937 | 24425708 |
| $260.67 | 43474923 | 23711619 |
| $260.67 | 45077323 | 25075790 |
| $299.78 | 54787601 | 40971447 |
| $299.78 | 61332669 | 49649002 |
| $299.78 | 67462202 | 57717814 |
| $314.06 | 73407831 | 64545092 |
| $314.06 | 71871478 | 58416652 |
| $314.06 | 66268780 | 50123963 |
| $327.13 | 69064886 | 55934161 |
| $327.13 | 68469323 | 55742346 |
| $327.13 | 69447123 | 57091558 |
| $328.48 | 64319116 | 43954958 |
| $328.48 | 60647328 | 46520073 |
| $328.48 | 71989994 | 61674886 |
| $336.00 | 72425576 | 57629920 |
| $336.00 | 68495033 | 55336127 |
| $336.00 | 64968396 | 32526486 |
| $345.09 | 80081728 | 71276651 |
| $345.09 | 78976853 | 68148009 |
| $345.09 | 70649657 | 58213796 |
| $350.12 | 68754681 | 54357953 |
| $350.12 | 62805313 | 51406118 |
| $350.12 | 75651237 | 65407751 |
| $356.52 | 74904252 | 63323793 |
| $356.52 | 72118568 | 59158779 |
| $356.52 | 76153733 | 65288157 |
| $357.10 | 72335257 | 61953259 |
| $357.10 | 75386137 | 65811235 |
| $357.10 | 76617273 | 68413224 |
| $382.55 | 74959348 | 65633633 |
| $382.55 | 73836192 | 62934578 |
| $382.55 | 68920251 | 58463896 |
| $387.57 | 72212002 | 55526569 |
| $387.57 | 67148224 | 53234524 |
| $387.57 | 78169856 | 65647820 |
| $393.85 | 72264170 | 62656718 |
| $393.85 | 70338685 | 59136382 |
| $393.85 | 71416853 | 59663249 |
| $397.14 | 68700151 | 60270759 |
| $397.14 | 70974287 | 62706882 |
| $397.14 | 70415457 | 63343861 |
Expert Answer:
Related Book For 
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
Posted Date:
