Question

All of the following are examples of a commodity except

a. strawberries
b. a designer handbag
c. milk
d. petroleum

Answer 1

The correct answer to this is B) a designer handbag. This is not a commodity. A commodity is anything that is considered a raw material.

Answer 2

Option-(B):

• A designer handbag, is the example of commodity, as the value of hand bag does not reach to the level or standard of the natural resources that we have on this planet.

• Just because there can be alternatives for availing a designer bad but the natural resources can not be replaced by any other thing in this universe. Which thus terms the strawberries, milk, and petroleum as a source that has no alternatives to be replaced with, while the designer hand bag is not something to be termed as irreplaceable by any person.