Bob owns some empty land and sells this land to a real estate developer who builds a subdivision with multiple houses in it$.$ The land is an example of a good that is

Bob owns some empty land and sells this land to a real estate developer who builds a subdivision with multiple houses in it$.$ The land is an example of a good that is

excludable, but not rival in consumption.

both rival in consumption and excludable.

neither rival in consumption nor excludable.

rival in consumption, but not excludable.