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22 March, 12:06

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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  1. 22 March, 12:14
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    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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