This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In a recession, consumers have less income to spend. As a result, if dining out is a normal good, ... (Read 61 times)

sarasara

  • Hero Member
  • *****
  • Posts: 521
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by sarasara on May 24, 2019

olderstudent

  • Sr. Member
  • ****
  • Posts: 339
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.
Answer Preview
Only 56% of students answer this correctly


sarasara

  • Member
  • Posts: 521
Reply 2 on: May 24, 2019
Wow, this really help

ASDFGJLO

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Normal development of posture and spinal curves. (A) Toddler: Protruding abdomen; lumbar lordosis. ( Normal development of posture and spinal curves. (A) Toddler: Protruding abdomen; lumbar lordosis. (
Common Laboratory Tests and Their Normal Values Common Laboratory Tests and Their Normal Values
Normal conduction pathway in the heart. Normal conduction pathway in the heart.
Mammograms. (A) Mammogram procedure. (B) Film of normal breast. (C) Film of breast with tumor. Mammograms. (A) Mammogram procedure. (B) Film of normal breast. (C) Film of breast with tumor.
Good body mechanics for sitting on chair while performing massage. A. Sit with back and head in ... Good body mechanics for sitting on chair while performing massage. A. Sit with back and head in ...
Philip wants to supplement his pension by $415 per month with income from his investments. His ... Philip wants to supplement his pension by $415 per month with income from his investments. His ...
Video: Green alga life cycle Animation

For a complete list of videos, visit our video library