There Is a Category of Goods Called Unsought Goods

question 58

Multiple Choice

There is a category of goods called unsought goods.These goods are characterized as being the kind of goods that consumers _______.

• A) Want to be completely convenient to them
• B) Find located everywhere with intense distribution
• C) Find irrelevant to their lives
• D) Would rather not purchase at all
• E) Only buy if there is not an acceptable substitute

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Definitions:

Optimum

The most favorable condition or highest achievable level of efficiency under the given circumstances.

Indifference Curves

Graphical representations in economics that show combinations of goods among which a consumer is indifferent.

Upward-sloping

A term used in economics to describe a curve that represents an increase in one variable as another variable increases, often used in the context of supply curves.

Preferences

Individual choices or tastes regarding various bundles of goods and services.