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How does the scarcity of resources influence the price of goods? 1.It causes prices to remain the same. 2.It causes prices to go up. 3.It causes prices to go down. 4.It causes p…

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asked May 9, 2023 224k views

3 votes

How does the scarcity of resources influence the price of goods?

1.It causes prices to remain the same.

2.It causes prices to go up.

3.It causes prices to go down.

4.It causes prices to fluctuate up and down

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middle-school

Hanne asked

by Hanne

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4 votes

3 I took the test so I am pretty sure

Lorren answered May 9, 2023

by Lorren

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9 votes

Answer:

Step-by-step explanation:

If there are less of goods, it is worth more, causing the price to go up.

Robin Coe answered May 15, 2023

by Robin Coe

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How does the scarcity of resources influence the price of goods? 1.It causes prices to remain the same. 2.It causes prices to go up. 3.It causes prices to go down. 4.It causes p…

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