A luxury cruise in the United States Virgin Islands is an example of an _________ good, and a desk calendar is an example of a(n)__________ good.

Question

Quizplus · Accepted Answer

Luxury cruise in the US Virgin Islands is an experience good because it is a product that cannot be evaluated until it is consumed, unlike inspection goods which can be evaluated beforehand. A desk calendar, on the other hand, is an inspection good because its quality can be evaluated before purchase.

A Luxury Cruise in the United States Virgin Islands Is