jfleming6797 jfleming6797
  • 20-01-2018
  • Business
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Consider a bp gas station. as a result of an economic recession and decreases in consumer incomes, there will be a:

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W0lf93
W0lf93 W0lf93
  • 02-02-2018
During an economic recession when the income of consumers has decreased, the BP station (an all gas stations) will see a leftward shift in the demand curve. This will result in gas stations having to lower their prices. If they don't lower their prices, they will have a glut of gasoline that they can't sell.
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