Question:medium

Which of the following is an example of a consumer good?

Show Hint

If a good is bought by a household for direct use, it is a consumer good. If it is used by a firm for production or business, it is a capital good.
Updated On: May 12, 2026
  • A machine used in a factory
  • A taxi purchased by a company for commercial use
  • A refrigerator bought for home use
  • A building purchased by a firm for office space
Show Solution

The Correct Option is C

Solution and Explanation

Was this answer helpful?
0

Top Questions on Consumption and Saving Functions

Questions Asked in CUET (UG) exam