2 categories of consumption goods

What will be an ideal response?

non-durable and durable

Economics

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A firm in a perfectly competitive market has ________ control over price because each firm's product perfectly substitutes for every other firm's product.

A. no B. limited C. total D. moderate

Economics

At an interest rate of 4 percent, what would be the present value of receiving $4,000 four years from now?

A) $3,420 B) $3,637 C) $3,704 D) $3,847

Economics