Goods are said to be "rival in consumption" because they are substitutes in consumption, e.g., coffee and tea, or road travel and air travel.True

Name: Goods are said to be "rival in consumption" because they are substitutes in consumption, e.g., coffee and tea, or road travel and air travel.True
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Goods are "rival in consumption" when one person's consumption of the good reduces the amount available for others, not because they are substitutes.

Goods Are Said to Be "Rival in Consumption" Because They