Question

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

Substitution
?
Production of rice

Fungibility
?
Demand for food and
shelter

Non-excludability
?
Environmental protection
Inelasticity
?
Switching from butter to
margarine

Answer 1

C

Step-by-step explanation:

Answer 2

fungibility- production of rice

inelasticity- demand for food and shelter

non-excludability- environmental protection

substitution- switching from butter to margarine

Step-by-step explanation:

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