Asked by
Austin Cameron
on Dec 17, 2024
Verified
On hot summer days, electricity-generating capacity is sometimes stretched to the limit. At these times, electric companies may ask people to voluntarily cut back on their use of electricity. On these days, electricity is
A) excludable, but nonrival in consumption.
B) not excludable, but rival in consumption.
C) excludable and rival in consumption.
D) not excludable and nonrival in consumption.
Electricity-Generating Capacity
The total amount of electrical power that generating equipment can supply to a grid or system at a given time.
Rival In Consumption
A characteristic of a good whereby its consumption by one individual decreases its availability for consumption by another.
- Differentiate among various categories of goods such as private, public, club, and common resources, by identifying their distinct features.
Verified Answer
YS
Learning Objectives
- Differentiate among various categories of goods such as private, public, club, and common resources, by identifying their distinct features.