Agro Commodities & Agricultural Produts

Question by sam: muliple CHOICE ECON! HELP?
in which of the following industries or sectors of the economy is output least likely to b affected by the business cycle?
a) housing construction
b) automobile production
c) agricultural commodities
d) capital goods production

Best answer:

Answer by   Jurij-EU   ?²
c) agricultural commodities

Agricultural commodities (on average) has least income-elasticity from given list (mostly food).
Second place would take capital goods which will be part of investment.

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