americangrlz2 americangrlz2

07-11-2020
Social Studies

contestada

why does relative scarcity determine the level of prices in a free-market system

Respuesta :

cheeseburgernumber1 cheeseburgernumber1

07-11-2020

Because people tend to pay more for something that isn't easily found in the market. If there is relative scarcity then that means there is high demand for that product, and high price as well.

Answer Link

Otras preguntas

In a class 1/4 of the students like board dames.7/12 of the students like video games and the remaining 4 students like card games. How many students are there

Rocky family recipe for macaroni and cheese makes 4 servings of 310 calories each. Rocky decided to make 1.5time the recipe. How many calories,are in rocky batc

how many ARP wardens were there in Britain in WWII

Explain how 3 of these factors affect climate: Latitude Altitude Distance from seas or oceans Prevailing winds Ocean currents Thank you :p

TRANSLATE THE FOLLOWING VERBAL STATEMENTS INTO ALGEBRAIC EXPRESSIONS: Three less than double a number half the product of sixteen and a number triple the square

Two cars traveled equal distances in different amounts of time. Car A traveled the distance in 4 h, and Car B traveled the distance in 4.5 h. Car B traveled 5 m

a car wash charges a flat rate for the first 8 minutes of washing time and also charges a certain amount for each additional minute of washing time. Gina took 1

What were in the middle kingdom of ancient egypt

37 pumpkins each weighs 48 ounces Distributed into 3 baskets The weight of basket A is 3 times the weight of basket C Basket B is twice the weight of basket C B

If you receive a 0.75 cent discount with everything in store has a 15% discount, what would the actual price be?