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An Indication That the Economy Is in Recession, E

Question 145

Multiple Choice

An indication that the economy is in recession, e.g., a rise in the number of used clothing stores for babies, suggests that


A) used clothes for babies are a necessity
B) used clothes for babies are an inferior good
C) used clothes for babies are a normal good
D) new clothes for babies are a luxury
E) used clothes for babies have price-elastic demand

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