Which of the following is considered a durable good?
A)an airplane ticket to Toronto
B)stereo equipment
C)flour and sugar
D)gasoline

Question

Quizplus · Accepted Answer

Stereo equipment is considered a durable good because it can be used multiple times and lasts for a long period of time. The other options are not considered durable goods - an airplane ticket is a service, flour and sugar are consumer goods, and gasoline is a non-durable good (a type of consumer good that is quickly consumed and needs to be replaced often).

Which of the Following Is Considered a Durable Good