corasargent13 corasargent13
  • 12-05-2022
  • Social Studies
contestada

Which fact is the basis for the principle of scarcity?

Respuesta :

viginiengum
viginiengum viginiengum
  • 12-05-2022

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:

Answer Link

Otras preguntas

Please help me with this any answer will help
Which landform is widespread in both Northern and Southern Europe? A) rolling hills B) plains C) plateaus D) mountains
Match the term with the appropriate description 1. integrity The entrees Effie cooks as a chef never vary by taste, quantity or quality. 2. punctuality Miguel f
When might be the best time to start saving for retirement?
I need to find the linear function
In a mixture of argon and hydrogen, occupying a volume of 1.18 l at 894.6 mmhg and 44.1oc, it is found that the total mass of the sample is 1.25 g. what is the
PLEASE I NEED HELP FAST Ben used vector DE to translate triangle ABC. Ben made an error in his work. What is Ben’s error? If Ben had completed the translatio
Who united Frankish tribes under his rule in the early 700s? A. Clovis I B. Charlemagne C. Charles Martel D. Pope Leo III
What is the ratio of a to b 9/17= 3a/ a+b 3/14 6/17 13/17 50/9
Our family loved the puppy from the moment we saw it at the Humane Society. The bolded verb in this sentence is written in the A) indicative mood. B) imp