Question

How does scarcity influence the price of a product?

A)
It causes inflation.
B)
It causes deflation.
C)
It causes a recession,
D)
It does not impact the price.

Answer 1

The answer is a










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Answer 2

A

Step-by-step explanation:

As a product becomes more scarce (less abundant), its value increases. Inflation is described as an increase in price and a decrease in value of money. An item naturally becomes more costly as its exclusivity grows.