Disruptions in many markets across the globe.

The pandemic has caused major disruptions in many markets across the globe. One of the hardest hit markets has been the airline industry.
Draw a graph that shows supply and demand analysis for airline travel in December 2019, a time before the emergence of Covid-19 and the pandemic. December is traditionally a very busy time of the year for airlines due to holiday travel. This graph will serve as a starting point for your analysis in Questions 2 and 3.
In drawing this graph, please assume that the demand curve is downward sloping and supply curve is upward sloping.
Clearly show the market equilibrium in December 2019.
Label the supply curve as S0; demand curve as D0; the equilibrium price as P0; and equilibrium quantity as Q0.

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