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If a good has become more scarce, then we know for sure that a. the demand for it increased. b. the supply of it decreased.
If a good has become more scarce, then we know for sure that
a. | the demand for it increased. |
b. | the supply of it decreased. |
c. | either the demand for it increased or the supply of it decreased. |
d. | both the supply of it and the demand for it decreased. |
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