4 Which form of air is an economic good?
A Air at ground level
B Air from an air conditioning system
C Air above an ocean
D Air in a tropical rainforest
Answers
Answered by
3
Explanation:A is correct mark me as brainliest
Goods are divided as free goods and economic goods. Free goods are those goods which are free of cost and economic goods are available for a particular price. Among the given options, sunshine, rainfall and air are examples of free goods and a bottle of water is an example of economic good
Answered by
1
Air from an air conditioning system is economic good.
- Economic and free commodities are two categories of products. Free products are ones that are provided without charge, whereas economic commodities can be purchased for a certain cost.
- A bottle of water is an example of a commercial good, while sunlight, rain, and air are examples of free products.
- In this case, air condiitoning system is an economic good as it is sold for a price and the air coming from it will also be economic good because it is not available for free.
- One has to purchase an air conditioning system to get air from it while other airs are free.
- For air at ground level, above ocean or in tropical rainforest we do not have to pay a price. They occur in the nature free of cost and hence, they cannot be economic good.
Hence, air from an air conditioning system is economic good because it is not available for free.
#SPJ2
Similar questions