Suppose You Have Surveyed a Few Industries and Obtained Information

Multiple Choice

Suppose you have surveyed a few industries and obtained information about the income elasticity of demand for their products.If you expect that the economy is headed for a long recession, you would advise people to look for jobs in an industry with

A) a high positive income elasticity coefficient such as 5.
B) a low positive income elasticity coefficient such as 0.8.
C) a "high" negative income elasticity coefficient such as -4.
D) a "low" negative income elasticity coefficient such as -0.2.