Unformatted text preview: round, the price would be lower and it would not fluctuate. The answer from economics is that it is the scarcity of a product in conjunction with our need for it, which determines its value and thus the price we are willing to pay for it....
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This note was uploaded on 07/29/2010 for the course BUS 210 BUS 210 taught by Professor Garcia during the Spring '09 term at University of Phoenix.
- Spring '09