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Introduction — Economics STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEconomicsIntroduction3 Marks
Question
Giving reason, state whether the following statements are true or false.
Bread is always a consumer good.
✓

Answer

False.
Explanation:
It depends on the use of bread. When it is purchased by a household, it is a consumer good. If it is purchased by a restaurant, it is a producer intermediate goods.

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