Goods are said to be rival in consumption because they are substitutes in consumption,such as coffee and tea or road travel and air travel.

Name: Goods are said to be rival in consumption because they are substitutes in consumption,such as coffee and tea or road travel and air travel.
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Question

Quizplus · Accepted Answer

Goods are considered rival in consumption if one person's use of the good diminishes the ability of another person to use it, not because they are substitutes.

Goods Are Said to Be Rival in Consumption Because They