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Economic goods are termed scarce goods when they are?

Economics
JAMB 1991

Economic goods are termed scarce goods when they are?
  • A. not available in sufficient quantities to satisfy all wants for them
  • B. not produced in sufficient quantities to satisfy the effefctive demand for them
  • C. of high quality
  • D. of primary importance in satisfying the needs of a society
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Correct Answer: Option A
Explanation
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