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During economic depression the consumer equilibrium …

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During economic depression the consumer equilibrium shifts leftward. Explain.

    • Posted by Suman Kaur 6 years, 8 months ago

    CBSE > Class 12 > Economics
    • 2 answers

    Mahak Tyagi 6 years, 8 months ago

    It will shift leftward

    0Thank You

    Harsh Kumar 6 years, 8 months ago

    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.

    4Thank You

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