Multiple Choice
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 effect on the demand curve is unknown.
D) The demand curve would shift rightward.
E) The demand curve would not shift but the price of dining out would fall.
Correct Answer:

Verified
Correct Answer:
Verified
Q56: Over the next few years more and
Q57: The initial equilibrium price in the market
Q58: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -Pizza is a
Q59: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -In the above
Q60: Suppose improvements in technology cause the supply
Q62: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The above figures
Q63: An increase in the number of fast-food
Q64: Wheat is used to produce cereal.When the
Q65: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -Pizza is a
Q66: Gasoline prices increase by 50 percent and