Question

Evan visits a travel website to book a trip to Europe. While he is fairly certain he has selected good flights and exciting destinations, he cannot fully evaluate his trip until he actually arrives. The components of Evan's trip can best be described as __________ goods.

Answer 1

experience goods

Step-by-step explanation:

Experience goods are products or services that a consumer cannot judge in advance. Their characteristics must be experienced (or consumed) in order to determine if their quality or price was good or bad.

Evan hopes that his trip will be good and exciting, but he will not be able to determine how satisfied he is until he experiences the trip.

On the contrary, search goods are goods that a consumer may evaluate before purchasing, while credence goods are those that a consumer cannot evaluate after the purchase.

Answer 2

Answer: Experience goods

Explanation: Experience goods are the goods, the characteristics of which are hard to evaluate in advance and the consumer can judge their utility satisfaction only after consumption.

In the given case, Evan is not completely sure that he will enjoy his trip as he is uncertain about the elements of the trip he has booked. Evan can only evaluate his level of satisfaction after going to the vacation.

Thus, from the above we can conclude that the components are an example of Experience goods.