Question

Are the following statements true or false ? Give reasons.
Bread is always a consumer good.

Answer 1

Correct Answer - False. It depends on the end use of bread . When it is purchased by a household , it is a consumer good . If it is purchased by restaurant , it is a producer (intermediate) good.
False. It depends on the end use of bread . When it is purchased by a household , it is a consumer good . If it is purchased by restaurant , it is a producer (intermediate) good.