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Traveling by airplane is becoming more and more an activity that Americans partake

1. Traveling by airplane is becoming more and more an activity that Americans partake of. Suppose that the demand for travel routes worldwide increased in the year of 2006. This would obviously require more pilots, stewardesses, and others that facilitate the air-travel experience. However, suppose at the same time that several of the major airlines experienced a shortage of pilots due to a strike. What would be the effects on wages within this market?

2. Following the same argument from the previous question, what would be the effects on the amount of workers present within the market?

Apr 23 2018 View more View Less

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