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jennAidnatalambiLy
jennAidnatalambiLy jennAidnatalambiLy
  • 13-09-2016
  • Business
Answered

Which of the following is a product that is considered a commodity?

new automobiles

low grade gasoline

wrapping paper

apple candy

Verified Answer :

metchelle
metchelle metchelle
  • 14-09-2016

A commodity is defined as raw material or product that can be bought and sold. It is a marketable item that is to satisfy the wants and needs of the consumers. Among the given products above, the one that is considered as a commodity is option B. low grade gasoline. A gasoline is considered as an energy commodity.

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