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

Exploring Economics
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ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter6: Elasticities
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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
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