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

Who was the Grand Prince of Kiev who ordered Russians to convert to Orthodox Christianity? a. Basil b. Ivan III c. Ivan IV d. Vladimir

Reasons against imperialism

which one of the following items is an example of a symbol in Bernice bobs her hair? A Marjorie's talk with her mother be dinner dance at the Country Club see h

Rhonda deposited $3000 in an account in the merrick national bank earning 4.2% interest, compounded annually. She made no deposits or withdrawals. Write an equa

Why did towns need to be located near water to succeed? a. Water provided protection from warfare. b. Establishing towns near water allowed for irrigation of cr

How many meters are in 4.5 kilometers? How many inches are there in 5 feet?

Which term is the name of the diploid stage of the plant life cycle?

Which food item is a rich source of protein?

Did Edgar Allan Poe lose his biological parents at a young age.

Which of the following is NOT characteristic of postmodernism? A. centralized B. globalization C. technological D. science-fiction