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Which of the Following Goods (With Their Respective Income Elasticity

Question 342

Multiple Choice

Which of the following goods (with their respective income elasticity coefficients in parentheses) will most likely suffer a decline in demand during a recession?


A) dinner at a nice restaurant (+1.8)
B) chicken purchased at the grocery store for preparation at home (+0.25)
C) second-hand clothing (-0.6)
D) plasma screen and LCD TVs (+4.2)

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