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Click here to read the Forbes article, Post Malone Buys Super Rare 'One Ring' Magic the Gathering Card Valued at $2 Million. This is the
Click here to read the Forbes article, "Post Malone Buys Super Rare 'One Ring' Magic the Gathering Card Valued at $2 Million". This is the same article in the Mini Case section in this module.1) Explain how changes in the scarcity of a particular rare collectible can influence its market price and the shape of its demand curve. 2) Describe the role of consumer preferences in the rare collectibles market in a capitalist economic system? 3) How would changes in the factors of production impact the overall supply of rare collectibles? Give an example for either Human Resources or for Entrepreneurship
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