Question 4: The local baker’s bread is:

Consider this hypothetical example: A local baker increased the price of their iconic loaf of bread from INR 23 per loaf to INR 25. This resulted in consumers buying only 500 loaves of bread a week (while earlier, the sales was 800 loaves a week). In the same week, an international brand launched their flagship product in the local market, starloaf breakfast bread at a discounted price of INR 20. This promotional offer on starloaf increased its sales by a whopping 25% compared to other markets! To add to all the complexity, in the same week, the price of petrol increased by 3%, and that of diesel by 2.5%, resulting in a net decrease in fuel usage by 0.02% and a 1% increase in truck transport fares. Answer the given subquestions.

The local baker’s bread is: