Sugar purchased by a Sweet shop is an good while it is a good when it is purchased by a consumer ........

Economics- Phase (I & II) Demand and Supply , Market Structures

Sugar purchased by a Sweet shop is an ____ good, while it is a _____ good when it is purchased by a consumer.

Capital, final

Final, intermediate

Intermediate, final

Final , producer

- Correct Answer: Option 3 - Intermediate, final

- Sugar purchased by a sweet shop is an intermediate good. It is used as a raw material to produce other goods, like sweets.

- When a consumer purchases sugar, it is a final good. It is intended for consumption and not for further production.

- Options analysis:

- Option 1: Capital, final - Incorrect. Sugar isn't a capital good; those are long-term assets used in production.

- Option 2: Final, intermediate - Incorrect. This reverses the roles; businesses use sugar as an intermediate good.

- Option 4: Final, producer - Incorrect. Sugar isn't a final good for producers; it's used for further production.

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