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plummbob t1_j8fqs0l wrote

Price gouging would indicate the economy is not in recession

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[deleted] t1_j8g368f wrote

[deleted]

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plummbob t1_j8g3e0e wrote

A fall in demand would mean that firms would loose money by raising prices

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[deleted] t1_j8g60az wrote

[deleted]

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plummbob t1_j8g69hi wrote

Same demand + reduced short term supply = higher prices

If there was a looming recession, we would expect a fall in demand

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