Given the Events Listed Below That Take Place in the Bread

question 65

Short Answer

Given the events listed below that take place in the bread market, decide if demand changes or quantity demanded changes and determine the direction of change.
A. The economy prospers and incomes increase dramatically.
B. The price of bread falls.
C. The price of flour, an ingredient of bread, falls.
D. The price of bread increases.
E. A severe weather problem occurs and most grain crops are destroyed.
F. The price of potatoes, a substitute for bread, rises.

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Definitions:

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