How would that affect the demand curve

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Questions:

As a social science, economics is concerned with the scientific method. Thinking about a policy intervention, such as lockdown income support packages, can you explain how the scientific method can be used to assess their validity for businesses in lockdown affected areas?

Our organisation is currently very concerned with the high level of inflation affecting consumers.

Can you discuss the effect that general increases in price would have on demand for goods and services?

What happens if we expect prices to increase by even more in the future?

How would that affect the demand curve? (Hint; Think about what may shift the demand curve).

 

Reference no: EM133466781

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