How are scarcity and the laws of supply and demand connected?

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Explanation:

Scarcity and supply and demand are connected because they determine how much the product costs. First of all, scarcity describes supply. If a product is scarce and demand is high, the supplier would raise the costs for the product, but if there is plenty of supply, and low demand, the supplier would decrease the costs.

the specific actions take by the fed. what the fed was attempting to do by taking these actions. the result of the actions taken by the fed

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