An economic "bad" is a commodity for which _____.
A)less is preferred to more after a certain level of consumption has been reached
B)more is preferred to less regardless of the level of consumption
C)satisfaction does not change as more is consumed
D)less is preferred to more over all possible ranges of consumption

Question

Quizplus · Accepted Answer

An economic "bad" is defined as a commodity for which less is preferred to more over all possible ranges of consumption, meaning that individuals would rather have less of it than more under any circumstances.

An Economic "Bad" Is a Commodity for Which _____