How will scarcity have its impact on our life
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Scarcity will leads to Less production causing increase in price, since demands will be heigher.
And goods will be sold at heigher price.
It's impact will be that, we ll have to but thi things at high cost.
And goods will be sold at heigher price.
It's impact will be that, we ll have to but thi things at high cost.
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Answer:Scarcity will lead to lack of agricultural production. This will lead to the increase in the prices of grain leading to extreme hardship for a common man
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