A car purchased by a household is a ______ . (Choose the correct alternative).
A car purchased by a household is a ______. (Choose the correct alternative).
(a) Single Use Capital Good
(b) Single Use Consumer Good
(c) Durable Consumer Good
(d) Semi-durable Consumer Good
Anurag Pathak Changed status to publish December 5, 2023
Ans – (c)
A car purchased by a household is a durable consumer good as consumer would avail its services for many years.
Anurag Pathak Changed status to publish December 5, 2023
