172k views
0 votes
If the price of breakfast pastries falls, what happens in the market for bakers?

User Fnisi
by
7.7k points

1 Answer

4 votes
when the price of goods and services fall, there is a decline in the real GDP, and bakers experience a point in the business cycle referred to as a contraction. after the peak, this phase refers to when the GDP/total monthly income is lower, resulting in a slip of monthly pay and economic prosperity for the bakers
User Stephanvs
by
8.2k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.