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29 July, 22:50

Which of the following properties of economics results from the fact that

people will always want more no matter how much is produced?

O

A. There is scarcity that cannot be eliminated.

O

B. Supply and demand will eventually be in balance with each other.

O

C. Buying low and selling high is always possible.

O

D. Voluntary exchanges will always lead to a fair price.

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Answers (1)
  1. 29 July, 22:54
    0
    The correct answer is letter A.

    Explanation: Scarcity cannot be eliminated because of the human wants that will always outnumber the means that is available.
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