If the consumption of a good by one person reduces its consumption by others, then the good is
A)nonrivalrous in consumption.
B)rivalrous in consumption.
C)nonexcludable.
D)excludable.

Question

Quizplus · Accepted Answer

When the consumption of a good by one person reduces its availability or consumption by others, it is called rivalrous in consumption. For example, if one person consumes a slice of pizza, that slice is no longer available for others to consume. This is in contrast to nonrivalrous goods, such as a public park, where one person's use does not affect the availability or use of the park by others.

If the Consumption of a Good by One Person Reduces