Examlex
Explain the externality generated when a shepherd grazes sheep in a field that is common property that several other shepherds use.
Price Decrease
A reduction in the monetary value or cost of goods and services.
Demand
A relation between the price of a good and the quantity that consumers are willing and able to buy per period, other things constant.
Willing and Able
The readiness and capability of individuals or groups to engage in a particular activity.
Buyers
Individuals or entities that purchase goods or services for personal use, resale, or production.
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