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    5. What distinguish an economic good from a free good?

    Question

    What distinguish an economic good from a free

    good?
    A Equality in supply and demand Correct Answer Incorrect Answer
    B Magnitude in utility Correct Answer Incorrect Answer
    C Value in use Correct Answer Incorrect Answer
    D Value in exchange Correct Answer Incorrect Answer

    Solution

    Economic good has value in exchange but free good don’t have.

    Practice Next
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    Relevant for Exams:

    • MSc Agriculture (Various States)

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