Goods that can be used repeatedly over a period of time, such as cars and household appliances

Goods that can be used repeatedly over a period of time, such as cars and household appliances

• A. Total revenue
• B. Price elasticity of demand
• C. Consumer durables
• D. Discretionary expenditure

Answer: (C)

Durable or consumer durables are goods that provide utility over a long period and are used repeatedly rather than consumed in a single use. Cars and household appliances fit this category because they last for years, are used many times, and often require maintenance and eventual replacement. This contrasts with non-durable goods, which are consumed quickly and bought regularly, like food or toiletries. The other terms describe different ideas: total revenue is the income a business earns from sales, price elasticity of demand measures how responsive quantity demanded is to price changes, and discretionary expenditure refers to non-essential spending. These don't describe the lasting-use nature of the goods in question.

Durable or consumer durables are goods that provide utility over a long period and are used repeatedly rather than consumed in a single use. Cars and household appliances fit this category because they last for years, are used many times, and often require maintenance and eventual replacement. This contrasts with non-durable goods, which are consumed quickly and bought regularly, like food or toiletries.

The other terms describe different ideas: total revenue is the income a business earns from sales, price elasticity of demand measures how responsive quantity demanded is to price changes, and discretionary expenditure refers to non-essential spending. These don't describe the lasting-use nature of the goods in question.