Which of the following statements is incorrect?

CA Foundation · Business Economics · MTP · January 2025
Which of the following statements is incorrect?
(A) A. In a recession, normal goods manufacturers are expected to have reductions in the demand.
(B) B. In a recession, inferior goods manufacturers are not expected to have reductions in the demand.
(C) C. All producers are going to be negatively affected in a recession.
(D) D. None of the above is correct.

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. All producers are going to be negatively affected in a recession.

Topics: Business Cycles

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