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What does the concept of scarcity explain

User Inkey
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2 Answers

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scarcity is when there is not enough resources to fulfill all the needs, in terms of geography, its the idea that there is not enough resources to sustain need for all human beings

User Captainsac
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Answer:

C. Why consumers are willing to pay high prices for items

D. Why decisions must be made how to use resources

F. Why a single resource has more value than another resource

Step-by-step explanation:

i am know everything :)

User SteveMc
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