Durable goods have different price elasticity than non-durable goods
the verdict
SUPPORTED
the evidence backs this
confidence 85/100
Economic literature and demand models demonstrate that durable and nondurable goods possess distinct demand systems and price elasticities.
Evidence for · 2
Demand for durable and nondurable goods, environmental policy and consumer welfare
1991 · cited by 36
Paper [1] utilizes an integrated demand approach because durable and nondurable goods function differently within consumer demand and expenditure frameworks.
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More for · 1
(In)Stability of the Relationship between Relative Expenditure and Price of Durable and Nondurable Goods
2024 · cited by 0
Paper [5] investigates consumption models involving both nondurable and durable goods, explicitly estimating their relative price elasticities and how these relationships have evolved over time.