The combination of inefficiently high demand and dwindling quantity leads to what is called:
A)the free rider problem.
B)nonexcludable consumption.
C)rivalry in consumption.
D)the tragedy of the commons.

Question

Quizplus · Accepted Answer

The tragedy of the commons occurs when a resource is overused by individuals, leading to its depletion because the resource is shared and there's no incentive for preservation, which is a result of high demand and limited supply.

The Combination of Inefficiently High Demand and Dwindling Quantity Leads