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Author Question: In a recession, consumers have less income to spend. As a result, if dining out is a normal good, ... (Read 58 times)

sarasara

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on: May 24, 2019
In a recession, consumers have less income to spend. As a result, if dining out is a normal good, then which of the following would happen to the demand curve for dining out?
◦ The demand curve would shift leftward.
◦ The demand curve would not shift but the price of dining out would rise.
◦ The effect on the demand curve is unknown.
◦ The demand curve would shift rightward.
◦ The demand curve would not shift but the price of dining out would fall.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by sarasara on May 24, 2019

olderstudent

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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sarasara

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Reply 2 on: May 24, 2019
Great answer, keep it coming :)

komodo7

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Reply 3 on: Yesterday
Excellent

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