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Chapter 9 The Price Puzzle What Drives the Market - Part 3

Which statement best explains scarcity?

Type: MCQ • Marks: 1
Which statement best explains scarcity?
Options
A. Scarcity means everything is expensive
B. Scarcity means there are no resources
C. Scarcity exists because resources are insufficient to satisfy all wants simultaneously
D. Scarcity means nobody has wants
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Class 9th Understanding Society India and Beyond, Part I

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