An example of a highly cyclical industry is
A. -the automobile industry.
B. the tobacco industry.
C. the food industry.
D. the automobile industry and the tobacco industry.
E. the tobacco industry and the food industry.
A. -the automobile industry.
Consumer durables, such as automobiles, are highly cyclical as purchases can be delayed until good times. Necessities, low-ticket items, and addictive products are purchased in good times and bad.
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