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Which of the following best explains the concept of scarcity? O People have unlimited resources but limited wants. O The amount of resources exceeds the

Which of the following best explains the concept of scarcity? O People have unlimited resources but limited wants. O The amount of resources exceeds the amount wanted. People want more resources than are available. O There is a limited amount of resources and no want for them. O There is unlimited want for a resource and an unlimited supply

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