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The economists at jet consulting consider campbell's soup to be an inferior good. during a recession, when the income in the economy is decreasing, economists at jet consulting would expect the demand curve for campbell's soup to _________, causing the equilibrium price to _________ and the equilibrium quantity to _________.

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Economists at jet consulting would expect the demand curve for campbell's soup to "shift to the right", causing the equilibrium price to "increase" and the equilibrium quantity to "increase".


The demand curve is a graphical portrayal of the connection between the cost of a good or service and the amount requested for a given time frame. In a typical representation, the cost will show up on the left vertical pivot, the amount requested on the horizontal axis.

At the point when the quantity of cash demanded increases, the cost of cash (interest rates) likewise increments, and causes the demand curve to increase and shift to the right.

User Krishna Verma
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