When a good is rival in consumption: one person\'s consumption prevents or decre
ID: 1126390 • Letter: W
Question
When a good is rival in consumption:
one person's consumption prevents or decreases others' ability to consume it.
it is possible for sellers to prevent its use by those who have not paid for it.
consumers have a perception of scarcity of that good.
the government has specific import policies limiting its supply.
A.one person's consumption prevents or decreases others' ability to consume it.
B.it is possible for sellers to prevent its use by those who have not paid for it.
C.consumers have a perception of scarcity of that good.
D.the government has specific import policies limiting its supply.
Explanation / Answer
Answer
Option A
one person's consumption prevents or decreases others' ability to consume it
the rival in consumption means if one person is consuming the other cannot consume it.
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