Due to a Recession, Hostess Bakeries Found That the Demand

question 112

Multiple Choice

Due to a recession, Hostess Bakeries found that the demand for its products decreased. The demand for products ________ the demand for bakers and ________ the equilibrium wage rate paid to bakers.

• A) increased; raised
• B) decreased; raised
• C) increased; lowered
• D) decreased; lowered

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Definitions:

Subdivision

The act of dividing land into pieces that are easier to sell or develop.

Common Fence

A barrier or boundary that is shared, maintained, and used by two or more neighboring properties.

Foundation

An entity established to allocate funds or support to causes and activities according to its mission, often for charitable, educational, or research purposes.

Profit À Prendre

is a legal term denoting the right to take something from another's land, such as natural resources, for use or sale.