Items that are ________ and product purchases for which ________ is not important tend to be less cyclical in nature.
A) necessities; income
B) luxuries; leverage
C) discretionary goods; time of purchase
D) produced with high fixed costs; entertainment

Question

Quizplus · Accepted Answer

Necessities, such as food and healthcare, are items that consumers cannot live without and tend to purchase regardless of their income level. As a result, the demand for these items tends to remain relatively stable, making them less cyclical in nature.

Items That Are ________ and Product Purchases for Which ________

Items That Are and Product Purchases for Which