A durable good is defined as a(n)
A)item consumed in one or a few uses.
B)item that usually lasts over an extended number of uses.
C)item that lasts at least one year without becoming obsolete.
D)product purchased for ultimate consumer use.
E)product used in the production of other products.

Question

Quizplus · Accepted Answer

A durable good is defined as an item that usually lasts over an extended number of uses. This includes items such as appliances, furniture, and electronics that are expected to last for several years.

A Durable Good Is Defined as A(n)