Question

distinguish between exhaustible goods and ordinary goods​

Answer 1

Answer:

Quick Reference. Any non‐renewable resource (such as minerals, non‐mineral resources, and fossil fuels) that are present in fixed amounts in the environment. From: exhaustible resource in A Dictionary of Environment and Conservati

An ordinary good is a microeconomic concept used in consumer theory. It is defined as a good which creates increased demand when the price for the good drops or conversely decreased demand if the price for the good increases, ceteris paribus. It is the opposite of a Giffen good.

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Answer 2

Answer:

Any non‐renewable resource (such as minerals, non‐mineral resources, and fossil fuels) that are present in fixed amounts in the environment. From: exhaustible resource in A Dictionary of Environment and Conservation »

Explanation:

An ordinary good is a microeconomic concept used in consumer theory. It is defined as a good which creates increased demand when the price for the good drops or conversely decreased demand if the price for the good increases, ceteris paribus. It is the opposite of a Giffen good.