Low immediate satisfaction but high long-run consumer welfare is provided by:
A) salutary products.
B) desirable products.
C) deficient products.
D) pleasing products.

Question

Quizplus · Accepted Answer

Salutary products are products that may not provide immediate satisfaction but are beneficial in the long run, such as healthy foods and exercise equipment. While the immediate satisfaction may be low, the long-run benefits can lead to higher consumer welfare. Desirable products may provide immediate satisfaction but may not necessarily lead to long-term welfare, whereas deficient products provide neither immediate satisfaction nor long-term welfare. Pleasing products provide immediate satisfaction but may not have any long-term benefits.

Low Immediate Satisfaction but High Long-Run Consumer Welfare Is Provided