Question

list five consumer goods in your home and think how they affected the lifestyle of your family .write a report about this.( a short paragraph )​

Answer 1

Explanation:

All consumer goods are governed by the laws of supply and demand, so every type of consumer good demonstrates the price elasticity of demand. However, this does not mean the relationship between demand and price is equal across all types of consumer goods. Some types of consumer goods display high price elasticity of demand, while others show very little.

Answer 2

Answer:

Consumer goods are goods sold to consumers for use in the home or school or for recreational or personal use. Clothing, food, and jewelry are all examples of consumer goods. Basic or raw materials, such as copper, are not considered consumer goods because they must be transformed into usable products.