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What role does scarcity play in determining prices in a market economy?a)It decreases prices due to increased supply.b)It increases prices due to higher demand.c)It stabilizes prices through government intervention.d)It influences prices based on supply and demand dynamics.Correct answer is option 'D'. Can you explain this answer? for Grade 9 2025 is part of Grade 9 preparation. The Question and answers have been prepared according to the Grade 9 exam syllabus. Information about What role does scarcity play in determining prices in a market economy?a)It decreases prices due to increased supply.b)It increases prices due to higher demand.c)It stabilizes prices through government intervention.d)It influences prices based on supply and demand dynamics.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Grade 9 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What role does scarcity play in determining prices in a market economy?a)It decreases prices due to increased supply.b)It increases prices due to higher demand.c)It stabilizes prices through government intervention.d)It influences prices based on supply and demand dynamics.Correct answer is option 'D'. Can you explain this answer?.

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