Which types of goods are most adversely affected by recessions?

A) Goods for which the income elasticity coefficient is relatively low or negative.
B) Goods for which the income elasticity coefficient is relatively high and positive.
C) Goods for which the cross elasticity coefficient is positive.
D) Goods for which the cross elasticity coefficient is negative.

Income Elasticity Coefficient

A measure that shows how much the demand for a good or service changes in response to a change in consumers' income.

Recessions

are characterized by a significant decline in economic activity spread across the economy, lasting more than a few months, visible in industrial production, employment, real income, and wholesale-retail trade.