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Aeronautical Engineers Are a Factor of Production for Airplanes

Question 13

Multiple Choice

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?


A) Price will increase; quantity exchanged will decrease.
B) Price will increase; quantity exchanged will increase.
C) Price will decrease; quantity exchanged will decrease.
D) Price will decrease; quantity exchanged will increase.
E) There will be no change in price or quantity exchanged.

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