Question : Which of the following are true?
- Air-conditioner in the house is a consume a good.
- Refrigerator in a hotel is consumer good.
Option 1: Both are true.
Option 2: Both are false.
Option 3: Statement 1 is true and statement 2 is false.
Option 4: Statement 1 is false and statement 2 is true.
Answer (1)
20th Jan, 2024
Correct Answer:
Statement 1 is true and statement 2 is false.
Solution :
Air conditioner in the house is a consume good because it is used for the satisfaction of a want by a household.
Refrigerator in a hotel is the capital goods because it is used for providing services over a period of time to the production unit.
Hence, Option C is correct.
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