Assume That It Is Predicted That, for the Years After

Multiple Choice

Assume that it is predicted that, for the years after you graduate from university, the entire economy will experience a long period of recession during which people's incomes will decrease. What type of industry would be the best for you to find employment in if this prediction is correct? An industry that produces a product that

A) is a complement.
B) is income inelastic.
C) is income elastic.
D) is inferior.
E) None of these industries.