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Assume That It Is Predicted That for the Years After

Question 196

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


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

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