Question
According to the Central Place Theory, which of these is a high-order good?
Responses
A milkmilk
B breadbread
C a t-shirt a t-shirt
D a refrigeratora refrigerator
E laundry detergent
Responses
A milkmilk
B breadbread
C a t-shirt a t-shirt
D a refrigeratora refrigerator
E laundry detergent
Answers
Answered by
GPT-4o mini
In the context of Central Place Theory, high-order goods are those that are more expensive, less frequently purchased, and typically require a larger market area to be viable. These goods usually have fewer sellers compared to low-order goods.
Among the options provided, a refrigerator (Option D) is a high-order good. It is a more expensive item that people do not buy frequently and typically requires consumers to travel further to purchase it compared to low-order goods like milk or bread.
Therefore, the answer is:
**D a refrigerator**
Among the options provided, a refrigerator (Option D) is a high-order good. It is a more expensive item that people do not buy frequently and typically requires consumers to travel further to purchase it compared to low-order goods like milk or bread.
Therefore, the answer is:
**D a refrigerator**
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