In a market economy,we know that a resource has become scarcer when

Question

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When the demand for a good increases while the supply decreases, this indicates that the resource used to produce the good has become scarcer. This in turn leads to an increase in the price of the good. In options A and B, both demand and supply have changed in the same direction, which does not necessarily indicate a scarcity of resources. Option D only refers to a decrease in demand, not a scarcity of resources.

In a Market Economy,we Know That a Resource Has Become