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Other things being equal, a rise in the price level will
Nonrival
A characteristic of a good whereby one person's consumption does not reduce its availability to others.
Nonexcludable
A characteristic of a good or service that prevents the owner or provider from excluding individuals from using it once it has been provided.
Marginal Private Benefit
The additional benefit received by a consumer or producer from consuming or producing one more unit of a good or service.
Marginal Social Cost
The total cost to society of producing an additional unit of a good, including both the private costs borne by the producer and any external costs inflicted on others.
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