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

Question

Quizplus · Accepted Answer

Durable goods are typically defined as consumer goods that have a lifespan of three years or longer. Stereo equipment is a good example of a durable good. Gasoline and flour/sugar are classified as non-durable goods since they are typically consumed or used up quickly. An airplane ticket is considered a service, rather than a good, since it is providing transportation rather than being a physical item that can be owned.

Which of the Following Is Considered a Durable Good