ECONOMICS (CBSE/UGC NET)

ECONOMICS

TECHNOLOGY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following is an example of a durable good?
A
Washing machine
B
Kleenex
C
dish soap
D
gasoline
Explanation: 

Detailed explanation-1: -The correct answer is a new washing machine. Because durable goods are not for immediate Consumption and able to kept for period of time.

Detailed explanation-2: -Examples of consumer durables include appliances such as washers, dryers, refrigerators, and air conditioners; tools; computers, televisions, and other electronics; jewelry; cars and trucks; and home and office furnishings.

Detailed explanation-3: -A classic example of a durable good is an appliance like an oven or automobile.

Detailed explanation-4: -A smart phone, if kept at one place, would not perish and hence is a durable good.

Detailed explanation-5: -Is shampoo a durable good? Shampoo runs out as you use it, and it typically runs out within 90 days. Therefore, it is a nondurable good.

There is 1 question to complete.