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Which of the following is correct regarding defensive stocks? a. They are relatively unaffected by general fluctuations in the economy and the market. b. They
Which of the following is correct regarding defensive stocks?
a. They are relatively unaffected by general fluctuations in the economy and the market.
b. They consist exclusively of companies that provide machines and weapons, for the armed services.
c. They tend to prosper during expanding economic times and tend to do poorly during contracting business cycles.
d. The demand for these companies' products is considered elastic.
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