A durable good is defined as a(n)
a.
item consumed in one or a few uses.
b.
item that usually lasts over an extended number of uses.
c.
item that lasts at least one year without becoming obsolete.
d.
product purchased only for the use of ultimate consumers.
e.
product used in the production of other products.
Answer: item that usually lasts over an extended number of uses.