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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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