Air resistance, or drag, significantly impacts projectile motion and free fall by opposing the force of gravity. The general differential equation for motion with air drag is m(dv/dt) = F - γv², where F represents typical forces like gravity, and γ is a drag coefficient influenced by the object's shape, cross-sectional area, and fluid density. The drag coefficient is calculated using the formula γ = (ρ_fl * A * C_d) / 2. As time progresses, the velocity approaches a constant known as terminal velocity, indicating that the object will eventually stop accelerating. Understanding these dynamics is crucial for accurately predicting the behavior of objects in motion through a fluid medium.