Agro Commodities & Agricultural Produts

Question by Aleana: Economics Homework help me please?
In which industry or sector of the economy is output least likely to be affected by the business cycle?

capital goods production

agricultural commodities

housing construction

automobile production

Best answer:

Answer by Einmann
I would suggest agricultural commodities because it’s demand is likely to be less elastic than that of the others. People need food regardless of the state of the economy.

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