Problem
1. Suppose your company is selling a product that is an inferior good. What do you think will happen to the demand curve facing your firm when the economy goes into recession?
2. Suppose you are a producer of DVDs and imagine that producers of DVD players decrease their prices. What do you think will happen to the demand curve you face?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.