corasargent13 corasargent13
  • 12-05-2022
  • Social Studies
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Which fact is the basis for the principle of scarcity?

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viginiengum
viginiengum viginiengum
  • 12-05-2022

Answer:

The scarcity principle is related to pricing theory. According to the scarcity principle, the price for a scarce good should rise until an equilibrium is reached between supply and demand. However, this would result in the restricted exclusion of the good only to those who can afford it.

Explanation:

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