Homework answers / question archive / 1) Which of the following scenarios would lead to an increase in the demand for mixers at Henry's bread bakery? A) The market price of mixers decreases

1) Which of the following scenarios would lead to an increase in the demand for mixers at Henry's bread bakery? A) The market price of mixers decreases

Economics

Share With

1) Which of the following scenarios would lead to an increase in the demand for mixers at Henry's bread bakery? A) The market price of mixers decreases. B) The wage rate of labor (a substitute for capital) decreases. C) The productivity of mixers decreases. D) The market price of bread increases. 2. Which of the following scenarios would lead to a decrease in the demand for labor at Stephanie's earring shop? A) The cost of capital (a substitute for labor) decreases. B) The wage rate increases. C) The price of earrings increases. D) Labor productivity increases. Explain your answers briefly.