Explain the link between scarcity and opportunity cost.

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asked Sep 4, 2021 124k views

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ThanksBro · Answer 1 · 2021-09-08T20:15:11+0000

Answer:

Resources are limited in supply(scarcity) while wants are unlimited thus one has to make a choice to satisfy a need.Some choices are forgone(opportunity cost)

Explain the link between scarcity and opportunity cost.

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Explain the link between scarcity and opportunity cost.​

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Explain the link between scarcity and opportunity cost.