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Question
The economists at JET Consulting consider Campbells 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 Campbells Soup to ________, causing the equilibrium price to ________ and the equilibrium quantity to ________.
a. shift to the left; decrease; decrease
b. shift to the left; increase; increase
c. shift to the right; decrease; increase
d. shift to the right; increase; decrease
e. shift to the right; increase; increase
Answer
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Related questions
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