A scarce good is a good answer for which it is impossible, Ask an Expert

Economics

A "scarce" good is a good: Answer for which it is impossible to increase production any further given the available resources and technology. for which there is a shortage at the current market price. that is always in demand at any price. for which available resources are insufficient to satisfy unlimited human desires for it. that cannot be produced using mass production techniques.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9686512

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