Question: Why is the demand for consumer nondurable goods more stable than that for consumer durable goods?

Why is the demand for consumer nondurable goods more stable than that for consumer durable goods?

Step by Step Solution

3.40 Rating (162 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Food and clothing are the two main nondurable goods Our consumption of the... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

661-B-E-D-S (166).docx

120 KBs Word File

Students Have Also Explored These Related Economics Questions!