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Figure 18-4 -Refer to Figure 18-4.The Graph Above Illustrates the Market for Illustrates

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Figure 18-4
Figure 18-4    -Refer to Figure 18-4.The graph above illustrates the market for bakers who make homemade breads and breakfast pastries.If bakeries adopt new labor-saving technologies,what happens in the market for bakers? A)  Demand increases from D1 to D2. B)  Demand decreases from D2 to D1. C)  Supply increases from S1 to S2. D)  Supply decreases from S2 to S1.
-Refer to Figure 18-4.The graph above illustrates the market for bakers who make homemade breads and breakfast pastries.If bakeries adopt new labor-saving technologies,what happens in the market for bakers?

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Definitions:

GDP

Gross Domestic Product, the total value of all goods and services produced within a country in a specific time period.

Federal Government

The national government of a federation, which holds the authority to govern issues that affect the entire country.

Tax Receipts

The income received by the government from taxes.

Federal Transfer Payments

Government payments transferred to individuals or states, often for assistance, without requiring direct services in return.

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