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When economists say a certain kind of good is scarce, they mean that a) it takes time or energy to acquire b) it is desired
When economists say a certain kind of good is scarce, they mean that
a) it takes time or energy to acquire
b) it is desired by more than one person
c) its market price is greater than zero
d) there is a limited supply of it
I think all four following could be the answer :). But the solution said only d is correct one. Why?
Thank you for your answering.
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