While consumer demand for necessities shows little cyclical variation, discretionary expenditures can be postponed or eliminated.

Name: While consumer demand for necessities shows little cyclical variation, discretionary expenditures can be postponed or eliminated.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Consumer demand for necessities remains stable as they are essential, while discretionary spending is more flexible and can be adjusted based on economic conditions.

While Consumer Demand for Necessities Shows Little Cyclical Variation, Discretionary