Charles owns one of the many bakeries in New York City.Which of the following events will lead to a decrease in Charles's demand for the services of bakers?

Question

Quizplus · Accepted Answer

A decrease in the price of baked goods could lead to a decrease in Charles's demand for the services of bakers because customers may want to purchase more baked goods at the lower price, but may not necessarily want to purchase more goods overall. Option A does not necessarily impact Charles's demand for the services of bakers, as it relates to an increase in supply of potential employees. Option C could potentially increase the cost of employing bakers, but does not necessarily impact demand for their services.

Charles Owns One of the Many Bakeries in New York