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How does scarcity affect product in the market? Explain.

How does scarcity affect product in the market? Explain.
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3 votes
How does scarcity affect product in the market? Explain.

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User Jochem
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1 Answer

3 votes

Answer:

Both as the supply for a product increases, the price decreases, and as the demand increases, the price increases.

answered
User TootsieRockNRoll
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