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    Question

    The goods those supply is less than demand & the goods

    those supply is greater than demand are called
    A Economic Goods & Free Goods Correct Answer Incorrect Answer
    B Free Goods & Economic Goods Correct Answer Incorrect Answer
    C Both Correct Answer Incorrect Answer
    D None Correct Answer Incorrect Answer

    Solution

    The goods for which the supply is less than the demand are called economic goods. These goods are relatively scarce compared to the demand for them, and people are willing to pay a price for them. Free goods, on the other hand, are abundant in supply and do not command a price due to their availability.

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