While shopping you discover that your favorite department store has lowered the price on a new mp3 player that you wanted to buy. you rush into the store, only to find that they are sold out. what concept does this scenario illustrate?
a. laissez faire
b. law of diminishing returns
c. scarcity
d. shortage
Answers: 1
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While shopping you discover that your favorite department store has lowered the price on a new mp3 p...
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