A good is rival if
A) it has substitutes.
B) it can be consumed by many people simultaneously.
C) it is excludable.
D) consumption by one person decreases the quantity available for another person.
E) it has no complements.

Question

Quizplus · Accepted Answer

A good is considered rival if consumption by one person decreases the quantity available for another person. Examples of rival goods are food, clothing, and electronics.

A Good Is Rival If