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Question two for the case study: Recession and consumer behavior.

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How can the wheel of consumer spending describe changes in consumer behavior during the recession?

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This solution provides the student with relevant information to question two in the case study: The recession and consumer behavior.

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The wheel of consumer spending can explain these changes in consumer behavior in several ways. First, during an economic recession, consumers are less likely to spend money on things that are wants and desires. Instead, the consumer will focus on their basic needs first ...

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