If the Consumption of a Good Decreases the Quantity Available

question 55

Multiple Choice

If the consumption of a good decreases the quantity available for another person, the good is

• A) rival.
• B) excludable.
• C) pure.
• D) free.

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Definitions:

Self-Contradiction

A statement or proposition that inherently contradicts itself, making it logically impossible.

Biconditional

A logical statement that is true if both its components are either true or false together.

Self-Contradiction

Self-contradiction is a logical inconsistency whereby a statement contradicts itself directly or indirectly, rendering it logically impossible.

Main Component

The primary or most important part of a system.