Question: Assume the US enters a recession causing a decrease in disposable income and restaurant meals are considered a normal good. What can restaurant owners expect

Assume the US enters a recession causing a decrease in disposable income and restaurant meals are considered a normal good. What can restaurant owners expect to happen to the demand for restaurant meals and how do you think they will prepare for that change in demand In the Immediate Market Period, can producers increase production to meet an increase in the equilibrium price? Why or why not

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