Which product would be classified as a durable good?
A) a vacation trip costing $3,000
B) groceries worth $4,000
C) prescription medicine worth $1,000
D) a refrigerator with a price of $2,000

Question

Quizplus · Accepted Answer

Durable goods are items that last and provide value over time, unlike consumable goods. A refrigerator is a durable good because it is a long-lasting appliance, unlike vacations, groceries, or medicine which are consumed or provide value only in the short term.

Which Product Would Be Classified as a Durable Good