What statement best describes the relationship between socioeconomic status and privatization of a public good?(1 point)

Question

Responses

Lower levels of socioeconomic status will have higher-quality privatized public goods.
Lower levels of socioeconomic status will have higher-quality privatized public goods.

Socioeconomic status makes privatized goods non-rivalrous and non-excludable.
Socioeconomic status makes privatized goods non-rivalrous and non-excludable.

Higher levels of socioeconomic status will demand higher-quality privatized public goods.
Higher levels of socioeconomic status will demand higher-quality privatized public goods.

Socioeconomic status will not have any effect on privatization of goods.

Answer 1

Higher levels of socioeconomic status will demand higher-quality privatized public goods.