"during Economic depression, consumer's equilibrium shifts Leftwards".
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During the economic depression consumer equilibrium shifts leftwards as the income of the consumer falls due to the low level of demand, low level of production, etc. This fall in the income of the consumer shifts the demand curve leftwards, as a result, consumer equilibrium shifts leftwards.
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Answered by
1
Answer:
During the economic depression consumer equilibrium shifts leftwards as the income of the consumer falls due to the low level of demand, low level of production, etc. This fall in the income of the consumer shifts the demand curve leftwards, as a result, consumer equilibrium shifts leftwards.
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