Charles Owns One of Many Bakeries in Montreal

question 127

Multiple Choice

Charles owns one of many bakeries in Montreal.Which event will lead to a decrease in Charles's demand for the services of bakers

• A)The supply of wheat increases.
• B)The price of baked goods falls.
• C)The local bakers form a union.
• D)Bakers become more productive.

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Definitions:

Fixed Amount

A fixed amount refers to a set, unchanging figure or sum, often used in financial contexts to denote a specified sum of money that does not vary.

Forges

Facilities or workshops where metal is heated and shaped, or the act of illegally copying or imitating something, such as documents or signatures.

Liable

Subject to legal responsibility for one's actions or omissions, potentially leading to civil or criminal penalties.

Good Faith

Acting with honesty and sincerity without any intention to defraud or seek undue advantage.