Asked by Colin dunkley on May 16, 2024
Verified
Refer to Figure 18-4. This graph illustrates the market for bakers who make homemade breads and breakfast pastries. If the bakery profession becomes more attractive to young women and men because of a new reality television show, what happens in the market for bakers?
A) Demand increases from D1 to D2.
B) Demand decreases from D2 to D1.
C) Supply increases from S1 to S2.
D) Supply decreases from S2 to S1.
Market for Bakers
The economic environment in which individuals who specialize in baking goods and those in need of such goods interact to facilitate sales and purchases.
Reality Television
A genre of television programming that documents purportedly unscripted real-life situations, often starring unknown individuals rather than professional actors.
Profession
A vocation or career, often requiring specialized education, that is recognized as skilled or requiring expertise.
- Analyze the role of external variables, such as immigration or the attractiveness of sectors, in shaping labor markets.
Verified Answer
CM
Cristian MelenaMay 22, 2024
Final Answer :
C
Explanation :
The attractiveness of the bakery profession due to a reality TV show would likely increase the number of people wanting to become bakers, which increases the supply of bakers in the market, not the demand for bakery goods.
Learning Objectives
- Analyze the role of external variables, such as immigration or the attractiveness of sectors, in shaping labor markets.