Consider firms selling three goodslong dashone firm sells a good with an income elasticity of demand less than zero, one firm sells a good with an income elasticity of demand greater than zero but less than one, and one firm sells a good with an income elasticity of demand greater than one. in a recession, sales of a good with a. an income elasticity of demand less than zero will decline the most and sales of a good with an income elasticity of demand greater than one will increase the most. b. an income elasticity of demand greater than one will decline the most and sales of a good with an income elasticity of demand less than zero will increase the most. c. an income elasticity of demand less than zero will increase along with the sales of a good with an income elasticity of demand greater than one. d. an income elasticity of demand less than zero will decline along with the sales of a good with an income elasticity of demand greater than zero but less than one.
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