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?

Question

Quizplus · Accepted Answer

In a recession, consumers have less income to spend, which would cause them to have less disposable income to spend on dining out. As a result, the demand for dining out would decrease, causing the demand curve to shift leftward.

In a Recession,consumers Have Less Income to Spend