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Why is the concept of scarcity important in economics?a)It leads to wasteful consumptionb)It forces choices and trade-offsc)It eliminates the need for economicsd)It increases resources indefinitelyCorrect answer is option 'B'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Why is the concept of scarcity important in economics?a)It leads to wasteful consumptionb)It forces choices and trade-offsc)It eliminates the need for economicsd)It increases resources indefinitelyCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Why is the concept of scarcity important in economics?a)It leads to wasteful consumptionb)It forces choices and trade-offsc)It eliminates the need for economicsd)It increases resources indefinitelyCorrect answer is option 'B'. Can you explain this answer?.

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