Social Studies Middle School

When the economy slows, families stop spending money on things they don't need. Which of a following is a likely result during times like these?

The cost of luxury items like jewelry increases.
The supply of basic goods like food goes down.
The supply of luxury items like jewelry decreases.
The cost of basic goods like food goes up.

Answers

Answer 1

When the economy slows, families stop spending money on things they don't need, then the supply of luxury items like jewelry likely decreases during those times.

What are the luxury items?

The luxury items are also known as the luxury goods or superior goods. These goods are mostly used by those peoples that have a capacity of buying. These goods can only be purchased by the high rich people only.

When the economy slows, families stop spending money on things they don't need, and the supply of luxury items such as jewelry is likely to decline.

Therefore, option C is correct.

Learn more about the economy, refer to:

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Answer 2

Answer: The supply of luxury items like jewelry decreases.

Explanation:

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In the 1700s, the National Convention ended the nonarchy and make Frace What?

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Answer: The answer is Republic :)

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It mad it the Republic
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