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20 September, 16:50

Match each of the terms below with an example that fits the term.

Fungibility

The production of

gasoline

Inelasticity

The demand for cigarettes

Non-excludability

The provision of national

defense

Substitution

The switch from coffee to

tea

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  1. 20 September, 16:55
    0
    Fungibility : The production of gasoline.

    Inelasticity : The switch from coffee to tea.

    Non-excludability : The provision of national defense.

    Substitution : The demand for cigarettes.
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