What Are Three Types of Consumer Goods?

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Solution

The three types of consumer goods are:

Durable goods

Non-durable goods

Services

Also read:

Difference Between Final Goods and Intermediate Goods

Final Goods

Intermediate Goods

Capital Goods

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Similar questions

A consumer wants to consume two goods. The prices of the two goods are Rs 4 and Rs 5 respectively. The consumer’s income is Rs 20.

(i) Write down the equation of the budget line.

(ii) How much of good 1 can the consumer consume if she spends her entire income on that good?

(iii) How much of good 2 can she consumed if she spends her entire income on that good?

(iv) What is the slope of the budget line?

Questions 5, 6 and 7 are related to question 4.

The goods that are consumed by the consumer is called:

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