Goods are rival if: (a) It is not possible to prevent an individual from using the good

Economics Dec 18, 2020

Goods are rival if: (a) It is not possible to prevent an individual from using the good. (b) It is possible to prevent an individual from using the good. (c) The quantity of the good is affected by the price a consumer pays for the good. (d) Consumption of a good by one person decreases consumption by another person.

Expert Solution

The answer is (d). Answer (a) and (b) is about whether a good is excludable, while answer (c) is about demand for the good.

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