A(n)_____ is excludable and rival in consumption.
A)private good
B)artificially scarce good
C)public good
D)common resource

Name: A(n)_____ is excludable and rival in consumption. A)private good B)artificially scarce good C)public good D)common resource
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Question

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A private good is both excludable (meaning only those who pay for it can use it) and rival in consumption (meaning when one person consumes it, it is not available for others to consume). Examples include food, clothes, and electronics.

A(n)_____ Is Excludable and Rival in Consumption