If the price of a product falls, that product becomes cheaper and people will want to purchase more of it in place of other goods. This statement best describes:

Which of the following is a property of a public good?

a. It is established by legislation. b. Free riders are excluded. c. Users collectively consume benefits. d. It is determined by positive economics.

The potential for profit-increasing false advertising is greatest for which of the following goods?

A) disposable diapers B) a refrigerator C) laundry detergent D) spray window cleaner