An artificially scarce good is a good or service for which exclusion is:
A)possible and is rival in consumption.
B)possible and is nonrival in consumption.
C)not possible and is rival in consumption.
D)not possible and is nonrival in consumption.

Question

Quizplus · Accepted Answer

An artificially scarce good is one where people can be excluded from using it (excludable), but one person's use does not reduce availability to others (nonrival).

An Artificially Scarce Good Is a Good or Service for Which