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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:
- Coffee and pizza as being scarce goods
- coffee to be sometimes scarce
- 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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