Answer to Question #304462 in Macroeconomics for Jordan

Question

Is energy commodity an essential good? Why

Answer 1

NO, energy commodity is not an essential good.

Some particular energy commodities are not essential because consumers have the ability to convert one form of energy into another. Research has shown that an extremely energy-efficient home needs relatively little energy. Energy commodities are primarily used by large towns and cities for purposes of heating and cooling buildings and other structures.