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  • 17-04-2020
  • Social Studies
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What is the limited supply of goods or services

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SAVAGEQUEEN04
SAVAGEQUEEN04 SAVAGEQUEEN04
  • 17-04-2020

Answer

The scarcity principle is an economic theory in which a limited supply of a good, coupled with a high demand for that good, results in a mismatch between the desired supply and demand equilibrium

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