Question

discuss the effect of scarcity of resources on the production of two goods
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Answer 1

Answer:

Scarcity affects producers because they have to make a choice on how to best use their limited resources. It affects consumers because they have to make a choice on what services or goods to choose.

Explanation:

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Answer 2

Explanation:

Scarcity affects producers because they have to make a choice on how to best use their limited resources. It affects consumers because they have to make a choice on what services or goods to choose.