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 only for the use of ultimate consumers.
E)product used in the production of other products.

Question

Quizplus · Accepted Answer

A durable good is an item that is expected to last over an extended period of use, usually at least three years. Examples of durable goods include cars, appliances, and furniture.

A Durable Good Is Defined as A(n)