In a recession consumers have less income to spend as a, Ask an Expert

Economics

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?

a. The demand curve would shift leftward.

b. The demand curve would not shift but the price of dining out would rise.

c. The demand curve would shift rightward.

d. The demand curve would not shift but the price of dining out would fall.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91421460

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