2. Categories of goods Complete the following table by selecting the appropriate definition for each of the given terms. Term Definition Excludable Nonrival If a good is both excludable and nonrival in consumption, then it is2. Categories of goods Consumption of the good by one person decreases the ability of other people to consume the good. It is not possible to prevent an individual from using the good. The satisfaction derived from consuming the good is affected by the price a consumer pays for the good. Complete the folio Term Those who are unwilling or unable to pay for the good do not obtain its benefits. Excludabl e Nonrival If a good is both excludable and nonrival in consumption, then it is V . 2. Categories of Consumption of the good by one person decreases the ability of other people to consume the good. Consumption of the good by one person does not decrease the ability of other people to consume the good. It is not possible to prevent an individual from using the good. Complete the foil. The satisfaction derived from consuming the good is affected by the price a consumer pays for the good. Term Those who are unwilling or unable to pay for the good do not obtain its benefits. Excludable Nonrival If a good is both excludable and nonrival in consumption, then it is V . 2. Categories of goods Complete the following table by selecting the appropriate definition a common resource erms. Term a public good Excludable a private good Nonrival a club good If a good is both excludable and nonrival in consumption, then it is