ECO121_-_FA_2024_-_RE_3082.webp
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ECO121_-_FA_2024_-_RE_3082.webp

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Kizspy | Question: 3
(Choose 1 answer)
Which of the following is correct?
A. If the price of a good has risen over time, it must have become more scarce.
B. If the price of a good has risen over time, it must have become less scarce.
C. If the price of a good has risen over time, it has become more scarce only if the price adjusted for inflation has risen.
D. If the price of a good has risen over time, it has become less scarce only if the price adjusted for inflation has risen.

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