americangrlz2
americangrlz2 americangrlz2
  • 07-11-2020
  • Social Studies
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why does relative scarcity determine the level of prices in a free-market system

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cheeseburgernumber1
cheeseburgernumber1 cheeseburgernumber1
  • 07-11-2020

Because people tend to pay more for something that isn't easily found in the market. If there is relative scarcity then that means there is high demand for that product, and high price as well.

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