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Ch 16 Basics of Economics and Scarcity Flashcards | StudBud
Ch 16 Basics of Economics and Scarcity
1 / 45
Which of these is a characteristic of a scarce resource?
A
The resource has a limited supply and there is a demand 4 it
B
It is not in demand and there is no supply
C
It is in demand but there is no supply of it
D
There is unlimited supply and limited demand for it
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