Goods that are very useful and highly desired are likely to be relatively expensive, no matter how scarce or abundant they are.

Name: Goods that are very useful and highly desired are likely to be relatively expensive, no matter how scarce or abundant they are.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The price of goods is significantly influenced by their scarcity. Even if goods are very useful and highly desired, if they are abundant, their price is likely to be lower due to the basic economic principle of supply and demand.

Goods That Are Very Useful and Highly Desired Are Likely