Examlex
Which of the following goods has the property of rivalry?
Equilibrium Prices
A price point where the demand for a particular item matches its supply, ensuring market equilibrium.
Price Inelastic
A characteristic of goods for which demand does not significantly change with a change in price, indicating consumers' necessity or lack of substitutes for the product.
Higher Education Supply
Refers to the availability of college or university education opportunities, including institutions, programs, and courses offered to students.
Price Inelastic
Describes a situation where the quantity demanded or supplied of a good or service changes minimally in response to price changes.
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