An increase in the consumption of a good or service which affects favourably the consumption patterns and desires of other consumers is

Related MCQs

• If consumption of a good A by one person does not decrease the consumption of good A by another person, then the good is said to be
• If I increase my consumption of a good and this has no impact on your ability to consume the same good, then the good is
• If one person’s consumption of a good decreases other people’s use of a good, the good is said to be
• When consumption of a good is non-rival and non-excludable the good is
• A good or service or a resource is non-rival if
• A positive externality affects market efficiency in a manner similar to a
• A negative externality affects market efficiency in a manner similar to
• The Primary Consumers are also called as
• When consumption is rival and excludable, the product is
• When poverty is taken in relative term and is related to the distribution of income consumption expenditure its called: