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AP Microeconomics
Unit 1 – Basic Economic Concepts
Topic 1.1
Unit 1 – Basic Economic Concepts
1.1 Basic Economic Concepts
mixed difficulty
How does scarcity affect the determination of prices in a market economy?
Scarcity leads to price stability
Scarcity increases prices
Scarcity decreases prices
Scarcity has no impact on prices
Study guides (1)
AP Microeconomics - 1.1 Basic Economic Concepts: Scarcity
Key terms
Market Economy
Scarcity
Guides
Glossary
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