Which of the following goods would see the largest decline in demand during a recession?
A)automobiles
B)food
C)clothing
D)haircuts

Question

Quizplus · Accepted Answer

During a recession, consumers tend to cut back on larger, more expensive purchases due to decreased income or economic uncertainty. Automobiles, being high-value items, are more likely to see a significant decline in demand compared to essential or lower-cost items like food, clothing, and haircuts.

Which of the Following Goods Would See the Largest Decline