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Sagot :
Final answer:
The impact of a recession on the demand for Mr. Beast Burger depends on whether it is considered a normal or an inferior good.
Explanation:
The decrease in consumer incomes due to a recession would likely impact the demand for Mr. Beast Burger in this scenario. Since people's incomes are falling, their purchasing power decreases. If Mr. Beast Burger is considered a normal good, its demand would decrease. However, if it is categorized as an inferior good, its demand might actually increase.
Normal goods experience a positive relationship between income and demand, meaning as income falls, demand falls. On the other hand, inferior goods show a negative income-demand relationship where demand increases as income decreases.
Therefore, whether the demand for Mr. Beast Burger decreases, increases, or remains unaffected depends on whether it's classified as a normal or an inferior good.
Learn more about Effect of recession on consumer demand for goods here:
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