An expensive bottle of balsamic vinegar is an example of an________ good, and an order of lasagne from Bella's Restaurant is an example of a(n)________good.

Question

Quizplus · Accepted Answer

An expensive bottle of balsamic vinegar is an experience good because its quality can only be assessed after consumption. Similarly, an order of lasagne is also an experience good because its quality is determined after tasting.

An Expensive Bottle of Balsamic Vinegar Is an Example of An________