Question

Salma purchased sweater for her father in winter season . Identify and explain

Answer 1

Salma purchased a sweater for her father during winter season because during winters the wheat her is cold and the sweater would really help in the survival in the winter season

Answer 2

Answer:

Time Utility

Explanation:

Time utility : When the utility of a

commodity increases with a change in its

time of utilization, it is called time utility.

For example, a student has more utility for

text books during examinations than in the

vacations. Time utility is also observed

when goods are stored and used at the time

of scarcity. For example, Blood bank.