Write an example how scarcity of the product would have the

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Reference no: EM13388564

"What is Economics?" Please respond to the following:

•Identify a recent purchase that you made and determine how scarcity influenced your purchase decision.

•Give an example how scarcity of a product would have an impact on a macroeconomic and microeconomic level. Explain your rationale.

Reference no: EM13388564

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