Examlex
If the price elasticity is between 0 and 1, demand is
Nonexcludability
A characteristic of goods or services that makes it impossible to prevent people from consuming or using them, regardless of whether they have paid for them or not.
Free-Riding
The practice of benefitting from a good or service without paying for it or contributing to its provision, often discussed in the context of public goods.
Public Good
A product or service that is non-excludable and non-rivalrous, meaning its consumption by one individual does not reduce its availability to others.
Collective Willingness
The aggregated preference or desire of a group of individuals to support or buy into a particular idea, policy, or product.
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