Which of the following, as per author, are psychophysical goods?
Explanation:
Psychophysical goods refer to objects that share physical and psychological qualities. Beer is a good that shares similar physical qualities in most instances, irrespective of brands. None of the examples given share similar physical and psychological qualities as they are quite distinct from each other with multiple variants and forms. Hence, the correct answer is option 5.
» Your doubt will be displayed only after approval.
Help us build a Free and Comprehensive Preparation portal for various competitive exams by providing us your valuable feedback about Apti4All and how it can be improved.