Question

The total demand for durable goods consists of
A. net demand plus
gross
denand
B. derved plass coutonomous demand
C. new demand plus replacement demond
D. old clemand plus replacement demand​

Answer 1

Answer:

option c is the correct answer

Answer 2

C. new demand plus replacement demand

1. Demand theory is particularly interested in the nature underlying demand for durable products.
2. Durable goods demand is more volatile than demand for non-durable items. Consumer demand for durable goods services is much more volatile, that really is, varies a lot, because they are used for a fairly long time.
3. Expenditure on durable goods is substantially more variable than spending on the other two main categories. Durable goods defined as those with a projected lifetime of greater than three years.