Food is an example of a _______ good.
A) rival and nonexcludable
B) rival and excludable
C) nonrival and excludable
D) nonrival and nonexcludable

Question

Quizplus · Accepted Answer

Food is a rival good because one person's consumption of a food item reduces the amount available for others to consume. It is excludable because it is possible to prevent people who have not paid for the food from consuming it.

Food Is an Example of a _______ Good