Relative to sales of regular bottled water, sales of premium bottled water would likely decline during a recession by more because it is more likely to be a luxury.
A recession can be described as the widespread, as well as the prolonged downturn that a country could be experiencing in her economic activity.
It should be noted that this can be recorded when there is consecutive quarters of declination in the in gross domestic product that can be attributed to a particular country.
In conclusion Recessions do bring about the declines in economic output, as well as employment, hence in the Relative to sales of regular bottled water, sales of premium bottled water would likely decline during a recession by more because it is more likely to be a luxury since the price of goods as well as services is high at that time and everything becomes costly.
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Relative to sales of regular bottled water, sales of premium bottled water would likely decline during a recession by because it is more likely to be a ▼ less more
▼ .Luxury necessity
