If I have a business in producing books and the demand decrease at the same time there is a recession and I have more people willing to work. I'm assuming that my product will be less demanded and my supply will increase because more people are willing to work. Am I correct?

Thank you for using the Jiskha Homework Help Forum. You are correct in that you will have a greater supply of books but not because more people are willing to work. This is the rule of "supply and demand." If there is a large demand, your supply will dwindle. If there is no demand, your supply will remain the same, assuming you get no more books.

Because of the recession, less people are spending money on books. That is, because of the recession, at any given price, less books will be demanded -- the demand curve shifted inward.

Because fo the recession, more people are willing to work. So, you can pay your workers less. So, for any price, the amount of books you are willing to produce is greater because the price of labor is lower. Shift the supply curve outward.
You will unambigiously sell books at a lower price; the change in the number of books you sell is uncertain; could be higher could be lower.

Yes, you are correct in your assumption. In a recession, there is generally a decrease in overall demand for goods and services, as people tend to tighten their budgets and spend less. In the case of your book production business, this would likely result in a decrease in demand for books, as people may prioritize their spending on essential items rather than discretionary purchases like books.

Additionally, during a recession, there is often a higher unemployment rate and more people seeking employment. This means that you may have a larger pool of people who are willing to work in your business.

Based on these factors, it is likely that your product (books) will be less in demand, and at the same time, the supply of workers available to you may increase. The combination of decreased demand and increased supply of workers can create challenges for your business's profitability and sustainability during a recession.

To adapt to this situation, you may need to consider strategies such as reducing production levels to align with the lower demand, implementing cost-cutting measures, and exploring alternative revenue streams. Additionally, it might be beneficial to assess the changing market trends, identify potential areas of growth or diversification, and explore opportunities to innovate or cater to evolving consumer needs.