Economics · Types of Goods
If a person consumes an additional unit of a good from a given fixed stock, then others will have to reduce their consumption of that good. This scenario best describes which type of good?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Club Good
- 2Merit Good
- 3Private Good✓
- 4Public Good
Correct answer
Private Good
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