The impact of scarcity on economic decision making is that it can limit the choices of the consumer in the economy.
when products and resources become less available then there would be scarcity which will affect the decision of the consumer.
<h3>How does the scarcity of resources affect the decision making of the consumers?</h3>
Scarcity as a key concepts of economics can affect the choice of the consumer because it will limit their choices in making decision.
Therefore this will make them to make their choice out of the limited resources to meet their basic needs.
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The protection or promotion of the interests of consumers.
<em>Answer:</em>
<em>reflexivity </em><em> </em>
<em>Explanation:</em>
<em>Reflexivity</em><em> is determined as an act of "self-reference" where an individuals action or examination signifies the entity that is instigating the examination or action. In other words, reflexivity refers to the fact that how much an individual is intended to do a specific thing while being comfortable even if that specific thing is being moulded or changed.</em>
<em>The question above describes "reflexivity".</em>
This is an example of <em>framing</em>
The response of the clients towards a product depends on how the data about it is presented.