A consumer durable is strictly defined as
A)any good that provides consumer benefits over a period of at least one year.
B)any good that provides consumer benefits over a period of at least five years.
C)any good that provides consumer benefits over the owner's lifetime regardless of the time period.
D)any good that can be used more than once.

Question

Quizplus · Accepted Answer

A consumer durable is a product that provides consumer benefits over a period of at least one year. This includes items such as refrigerators, washing machines, and televisions, which are expected to last for many years and provide value to the owner over that time period. The key criteria is that the product must provide long-term benefits to the consumer, rather than being used up or consumed quickly.

A Consumer Durable Is Strictly Defined as