Effect of rising jet fuel prices

Reference no: EM1374362

Increasing jet fuel values recently led most major United States airlines to raise fares by approximately 15%. Describe how this substantial increase in airfares would affect the following:

[A] The demand for air travel.
[B] The demand for hotels.
[C] The demand for rental cars.
[D] The supply of overnight mail.

Reference no: EM1374362

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