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Which fact is the basis for the principle of scarcity?
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Which fact is the basis for the principle of scarcity?

User Fylie
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19 votes

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:

User Jose Torres
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