Which of the Following Is the Best Example of a Nondurable

question 74

Multiple Choice

Which of the following is the best example of a nondurable good?

• A)ream of paper
• B)file cabinet
• C)dishwasher
• D)freezer
• E)book shelf

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Definitions:

Unit-Elastic

A demand or supply situation where the percentage change in quantity demanded or supplied is equal to the percentage change in price, leading to no change in total revenue.

Price Elasticity

An indicator showing the sensitivity of the demanded quantity of a good to price adjustments, computed by the percentage change in demand relative to the percentage change in price.

Elastic Demand

A demand situation where the percentage change in the quantity demanded of a good or service is greater than the percentage change in its price.