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If a good is a necessity, demand for the good would tend to be:
Exclusive Right
A legal provision that allows only the holder to perform a specific activity or use a particular property.
Socially Efficient Quantity
The level of production or consumption that maximizes social welfare, taking into account all external costs and benefits.
Demand Curve
A graphical representation of the relationship between the price of a good and the quantity demanded by consumers.
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