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ICE Princess25 [194]
3 years ago
7

Select the items that describe the results of scarcity.

Business
1 answer:
Alenkinab [10]3 years ago
8 0
Diamonds are scarcie, they're hard to find so you could consider them as sacarse, or u can say gold!
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Please find attached the table used in answering this question

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Below equilibrium price there is a shortage - quantity demanded exceeds quantity supplied. As a result of the shortage, price would rise until equilibrium is reached

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