Question
Every company needs to worry about a recession. This statement should be modified because Select one: a.companies that sell goods with a high own-price elasticity
"Every company needs to worry about a recession." This statement should be modified because
Select one:
a.companies that sell goods with a high own-price elasticity of demand will likely enjoy more sales as their prices rise during a recession.
b.companies that sell inferior goods (negative income elasticity) will likely enjoy more sales during a recession with falling incomes.
c.companies with a negative cross-price elasticity will likely enjoy more sales because recessions do not affect the sales of complementary products.
d.companies that sell normal goods will likely enjoy more sales during a recession with falling incomes.
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