Cleotilde5910 Cleotilde5910
  • 18-10-2022
  • Business
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Which of the following goods (with their respective income elasticity coefficients in parentheses) will most likely suffer a decline in demand during a recession?

a. Dinner at a nice restaurant (+1.8)
b. Chicken purchased at the grocery store for preparation at home (+0.25)
c. Facial tissue (+0.6)
d. Plasma-screen and LCD TVs (+4.2)

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