Which of the following would likely be the most affected when the economy is in the recession phase of the business cycle?

Question

Quizplus · Accepted Answer

During a recession phase of the business cycle, people tend to have less disposable income which leads to a decrease in demand for luxury goods such as new homes. This makes housing sales the most affected. Gasoline sales, beer and wine sales, and movie ticket sales are relatively less affected as they are considered necessities or affordable luxuries.

Which of the Following Would Likely Be the Most Affected