If there is an excess supply of a good,the problem of scarcity does not apply to that good.

Name: If there is an excess supply of a good,the problem of scarcity does not apply to that good.
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Question

Quizplus · Accepted Answer

The problem of scarcity always applies, regardless of the supply of a good. While an excess supply may temporarily reduce the price of a good, there are still finite resources and wants that must be addressed in an economy.

If There Is an Excess Supply of a Good,the Problem