Question

refrigerator is an example of this type of product
a) durable
b) emergency
c) intagible
d) impulse ​

Answer 1

Answer:

A. Durable

Explanation:

Durable goods or Hard durable or consumer durable is a goodsl that does not quickly wear out or more specifically, one that yields utility over time rather than being completely consumed in one use.

refrigerator and cars are considered as hard durable as they continue to be useful for several years of use.

Answer 2

It is an example of a durable product.

• These commodities are also referred to as consumer durables, and are items that do not need to be replaced often.
• Such products usually last for three years or more. For example - Refrigerator, Air Conditioner, microwave etc.
• The demand is closely monitored by economists because it is regarded as a strong predictor of the economy's strength.