Question: Based on the price elasticity of income, do you think that this company would be extremely concerned about the impact of a recession on its sales?

Yes, income elasticity is relatively high, so a recession (with lower income) would likely reduce sales.

Yes, income elasticity is relatively low, so a recession (with lower income) would likely reduce sales.

No, income elasticity is relatively high, so a recession would not have a large impact on sales.

No, income elasticity is relatively low, so a recession would not have a large impact on sales.

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