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______ is a single use consumer good. - Economics

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Question

______ is a single use consumer good.

Options

  • Television

  • Crockery

  • Milk

  • Sugarcane purchased by a sugar mill

MCQ
Fill in the Blanks
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Solution

Milk is a single use consumer good.

Explanation:

Such goods are used only once by consumers and cannot be reused. 

Their utility is finished or destroyed immediately upon consumption.

Other examples of single use consumer goods include fruits, biscuits, bread, cooking gas, vegetables, etc. 

In contrast, items like (a) television are durable consumer goods, (b) crockery is a semi-durable consumer good and (d) sugarcane purchased by a sugar mill is an intermediate good used in production, not a consumer good. 

Hence, milk is the best example of a single use consumer good.

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Chapter 3: Basic Concepts of Economics - QUESTIONS [Page 47]

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J. P. Goel and Kaushal Goel Economics [English] Class 9 ICSE
Chapter 3 Basic Concepts of Economics
QUESTIONS | Q 3. | Page 47
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