Which of the following businesses is most likely to experience a rise in demand as consumer income falls? a. a tourism company selling holiday trip treats b. producers of luxury cars c. gold and precious stones trader d. discount stores that sells cheap items all year round

Which of the following businesses is most likely to experience a rise in demand as consumer income falls? a. a tourism company selling holiday trip treats b. producers of luxury cars c. gold and precious stones trader d. discount stores that sells cheap items all year round

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter7: Demand And Supply

Section7.2: The Demand Curve And Elasticity Of Demand

Problem 1R

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