Bob owns 5 acres of land. bob sells the land to a real estate developer who builds a subdivision with 10 houses. the land is an example of a good that is:

The land in the given scenario above is considered or is an example of a good in which is both rival in the excludable and consumption. The excludable is being termed to the good or service that is provided in which an individual are not able to access without having to pay while consumption is the term implied to resources that are used.

typically a loft will include modern kitchen and bathrooms, this increases the price tag. lofts also have a good amount of open space, this requires more heating and electricity. lofts are also in older buildings, this means that maintaining the location increases the bill. keep in mind this is without talking about the high state and property taxes.

i hope this you! : )