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The recession that began in December 2007 resulted in declining incomes as some people lost theirjobs and others were forced to work fewer hours or
The recession that began in December 2007 resulted in declining incomes as some people lost theirjobs and others were forced to work fewer hours or have their wages reduced. How did this affect the market for casual dining? A decrease in income as people lose theirjobs will shift the market supply curve for casual dining. In particular, the demand curve will shift to the 5:)- A. right, if casual dining is a normal good. supply (:2:- B. left, if casual dining is an inferior good. {2:} C. right, if casual dining is unrelated to income. demand ":2? D. left, if casual dining is a normal good
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