Ask Question
Today, 10:17

If consumers purchase fewer goods and services, then a likely outcome for our economy is

+4
Answers (1)
  1. Today, 10:29
    0
    There are two possible outcomes that are dependent on the size of absence for consumer purchasing. If the size of absence is negligible, a noticeable supply and demand relation curve will be observed, decreasing prices so that others will buy more. If the absence is large, or in totality, then companies can not meet their baseline operations costs, which will cause many to lose their jobs, and ultimately lead to a recession, and a probable depression.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “If consumers purchase fewer goods and services, then a likely outcome for our economy is ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers