Question

Which of the following commodities is a good?

Answer 1

Corn dogs

Step-by-step explanation:

A corn dog is processed, so it is not a commodity.

Answer 2

Out of the given commodities, a desk can be termed as a good.

Explanation:

• For a commodity to be a good, it has to be tangible in nature.
• If a commodity has a solid visible material form, it can be termed as a good.
• Any good has a specific shape and dimension, and other quantities that are easily measurable.
• Hence, a good is a commodity that is physically existent and can be used as need be.