SCARCITY refers to the principle that people tend to
A) Reduce their power in order to persuade others.
B) Share information in order to persuade others.
C) Assign greater value to resources that are in short supply.
D) Assign lower value to resources that are in short supply.
E) All of the above.

Question

Quizplus · Accepted Answer

Scarcity refers to the economic principle where people assign greater value to resources that are limited or in short supply, making them more desirable.

SCARCITY Refers to the Principle That People Tend to