Refer to Figure 18-6.  The graph above illustrates the market for bakers who make homemade breads and breakfast pastries. If the wages paid to wedding cake bakers decrease, what happens in the market for bread bakers? Group of answer choices Demand increases from D1 to D2. Demand decreases from D2 to D1. Supply increases from S1 to S2. Supply decreases from S2 to S1.

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Chapter29: Resource Markets
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Refer to Figure 18-6.  The graph above illustrates the market for bakers who make homemade breads and breakfast pastries. If the wages paid to wedding cake bakers decrease, what happens in the market for bread bakers? Group of answer choices Demand increases from D1 to D2. Demand decreases from D2 to D1. Supply increases from S1 to S2. Supply decreases from S2 to S1.
Wage
D1
IS
D2
S2
Quantity
Transcribed Image Text:Wage D1 IS D2 S2 Quantity
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