Which of the following is a demerit good?
A)housing
B)education
C)heroin
D)medical care

Question

Quizplus · Accepted Answer

Demerit goods are those goods which are considered to be harmful to individuals or society and are over-consumed if left to market forces. Heroin is a drug that falls under this category as it has harmful effects on an individual's health and can lead to addiction and other dangerous consequences. Housing, education, and medical care are not demerit goods as they are essential for individuals' well-being and cannot be considered harmful.

Which of the Following Is a Demerit Good