2

Economics 4. Suppose you're the manager of a grocery store that sells the products listed in Table 3-4. 4.1 You've recently read in the news that the economy will go into recession in the following months and consumer incomes are expected to fall by 5 percent. How will this forecast affect the quantity demanded of each product listed in Table 3-4? Explain. 4.2 What should be the attitude of the manager of the grocery store during economic booms and during recessions based on the information provided in Table 3-4