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Is the following statement true or false? Air does not possess utility. - Economics

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प्रश्न

Is the following statement true or false?

Air does not possess utility.

सत्य या असत्य
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उत्तर

This statement is false.

Explanation:

  • Air does possess utility because it satisfies human wants and is essential for life.
  • However, air is generally considered a free good, meaning it is abundant and available without a price.
  • Even though free goods do not command a price, they still have utility.
  • From the material, the hint explicitly indicates that the statement “Air does not possess utility” is false, confirming that air does possess utility.
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अध्याय 3: Basic Concepts of Economics - QUESTIONS [पृष्ठ ५०]

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जे. पी. गोयल और कौशल गोयल Economics [English] Class 9 ICSE
अध्याय 3 Basic Concepts of Economics
QUESTIONS | Q 5. (a) | पृष्ठ ५०
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