Question
If it is predicted consumer expectations will be even more pessimistic next month how will that affect demand (shift left or shift right) and assuming
If it is predicted consumer expectations will be even more pessimistic next month how will that affect demand (shift left or shift right) and assuming supply remains the same, how would that affect equilibrium prices? How would that affect equilibrium quantity?
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Economics of Strategy
Authors: David Besanko, David Dranove, Mark Shanley, Scott Schaefer
6th edition
978-1118273630, 111827363X, 978-1118319185
