A used car is an example of a durable good. Durable goods are items that have a long life span and are not consumed quickly, typically lasting three years or more. In contrast, items like a box of cereal, a pack of baseball cards, and a paperback book are generally considered non-durable goods.
Which of the following is an example of a durable good?
a box of cereal
a pack of baseball cards
a paperback book
a used car
1 answer