What do economists mean when they state that a good is scarce? a. The amount of...
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What do economists mean when they state that a good is scarce? a. The amount of the good that people would like exceeds the supply freely available from nature. b. People will want to buy more of the good regardless of the price of the good. e. It is impossible to expand the availability of the good beyond the current amount. d. There is a shortage or insufficient supply of the good at the existing price. What do economists mean when they state that a good is scarce? a. The amount of the good that people would like exceeds the supply freely available from nature. b. People will want to buy more of the good regardless of the price of the good. e. It is impossible to expand the availability of the good beyond the current amount. d. There is a shortage or insufficient supply of the good at the existing price.
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Economics
ISBN: 978-0073375694
18th edition
Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn
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