See the information in Scenario 4.4. Suppose P = 10, Pc = 100, Pd = 2, A = 5, and I = 50. What is the income elasticity of demand?

The supply of a renewable resource is perfectly elastic

Indicate whether the statement is true or false

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.