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Assume That It Is Predicted That for the Years After

Question 237

Multiple Choice

Assume that it is predicted that for the years after you graduate from college,the entire economy will experience a long period of recession during which people's incomes decrease.What type of industry would be the best for you to find employment if this prediction is correct? An industry that produces a product that


A) is income elastic.
B) is income inelastic.
C) is inferior.
D) is a complement.
E) none of these industries

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