Which of the following is the best example of a specialty good?
A) an exercise bicycle
B) fat-free ice cream
C) an Armani suit
D) potatoes
E) nail clippers

Question

Quizplus · Accepted Answer

A specialty good is characterized by unique features and brand identification for which a significant group of buyers is willing to make a special purchasing effort. An Armani suit fits this description as consumers often seek out this brand specifically for its prestige and quality, and are usually willing to go out of their way to purchase it.

Which of the Following Is the Best Example of a Specialty