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Aeronautical engineers are a factor of production for airplanes. What will happen in the world ...

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Aeronautical engineers are a factor of production for airplanes. What will happen in the world ...

Aeronautical engineers are a factor of production for airplanes. What will happen in the world market for airplanes when there is a worldwide shortage of aeronautical engineers?

▸ Price will increase; quantity exchanged will increase.

▸ Price will decrease; quantity exchanged will decrease.

▸ Price will decrease; quantity exchanged will increase.

▸ Price will increase; quantity exchanged will decrease.

▸ There will be no change in price or quantity exchanged.

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Microeconomics

Edition: 17^th

Author: Ragan

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