Goods that are not excludable include both
a. private goods and public goods.
b. club goods and common resources.
c. common resources and public goods.
d. private goods and club goods.
c
Economics
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Which of the following is an example of bundling?
A) a pair of pants B) a pizza and beer lunch combo C) a bicycle D) All of the above.
Economics
What happens as the result of a shortage?
A) There is downward pressure on prices. B) There is upward pressure on prices. C) Consumers begin to view the good as an inferior good because they have a hard time finding it. D) Supply of the good decreases.
Economics