Using an appropriate demand and supply diagram, explain the impact on the market price and quantity traded in each of the following cases:  a) The market for air travel following the imposition of higher fuel taxes. b) The market for Pepsi Cola following a fall in the price of Coca-Cola. c) The market for sushi following a successful marketing campaign promoting

Q: PRICE($) Demand QUANTITY Supply

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A: Price is the amount of money paid for acquiring a product or service.

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A: All part solved below,

Q: D) Which is the current market total surplus area?

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Q: 26 28 280 345 30 235 365 17. The equilibrium price in this market is (a) $22 (回) 24 (c) $26 (d) $28

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