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Curves in the market for charter flights

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Reference no: EM131186026

Suppose federal income taxes on the wealthiest Americans rise by 0.5%. Will this change shift the supply, demand, or both curves in the market for charter flights? Also, which direction(s) will the curve(s) shift? Will equilibrium price for charter flights increase, decrease, or is the change in price ambiguous?

Reference no: EM131186026

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