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Like this question below: A weekend market is offering $2 cups of coffee at one stall and free pizza at another stall. Thinking like an

Like this question below:

A weekend market is offering $2 cups of coffee at one stall and free pizza at another stall. Thinking like an economist at this market, you would consider:

  1. Coffee and pizza as being scarce goods
  2. coffee to be sometimes scarce
  3. pizza not to be a scarce good

Which of the above statements are true?

Can you give an example to explain when an item is scarce?

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