mzkaryn2003
mzkaryn2003 mzkaryn2003
  • 17-09-2020
  • Business
contestada

5. When things become more scarce, do they become more or less valuable?

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josephine169
josephine169 josephine169
  • 17-09-2020

Answer:

They become more valuable

Explanation:

(similar to previous qn) when supply decreases and demand remains constant, people would have to pay more to obtain the item.

The value of the item would then increase.

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mstend19
mstend19 mstend19
  • 17-09-2020
It becomes more valuable because if it is scarce there is not a lot of that item
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