what is one effect of scarcity?\nscarcity increases the value of a resource.\nscarcity decreases the value…
what is one effect of scarcity?\nscarcity increases the value of a resource.\nscarcity decreases the value of a resource.\nscarcity does not affect the value of a resource.\nscarcity raises, then lowers, the value of a resource.
Answer
Brief Explanations:
In economics, scarcity refers to limited availability of a resource relative to demand. When a resource is scarce, its value typically increases due to higher competition for it among consumers.
Answer:
Scarcity increases the value of a resource.