Question: 1. Is the following statement true or false? Briefly explain. (Note: no explanation, no credits.) a) If something is scarce, it must be rare; if

1. Is the following statement true or false? Briefly explain. (Note: no explanation, no credits.) a) If something is scarce, it must be rare; if something is rare, it must be scarce. b) Anything with a positive market price must be a scarce good; any scarce good must have a positive market price. c) When you buy something, that must mean it is more costly for you to produce it yourself

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