Which of the following goods would usually see the largest decline in demand during a recession?
A) Cars
B) Food
C) Clothing
D) Hair cuts

Name: Which of the following goods would usually see the largest decline in demand during a recession? A) Cars B) Food C) Clothing D) Hair cuts
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Question

Quizplus · Accepted Answer

Cars are considered a luxury item and are not a basic necessity, so they would see the largest decline in demand during a recession as people prioritize their spending towards more essential goods and services.

Which of the Following Goods Would Usually See the Largest