Commodities Quiz

A rare and valuable item

A product that is difficult to produce

A luxury item that is only accessible to the wealthy

A basic good that is interchangeable with other goods of the same type (correct)

Commodities are only used by businesses

Commodities can be traded on a market (correct)

Commodities are always expensive

Commodities are not affected by supply and demand

Commodities are only produced in small quantities

Commodities are only used for personal consumption

Commodities can be bought and sold (correct)

Commodities are unique and cannot be substituted