Business
21.03.2023 22:35
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Select the items that describe the results of scarcity.

Select the items that describe the results of scarcity.
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jessb9583
jessb9583
4,5(54 marks)
Diamonds are scarcie, they're hard to find so you could consider them as sacarse, or u can say gold!
ktown9
ktown9
4,4(86 marks)

b) SRAS shifts left.

Explanation:

The SRAS or Short run aggregate supply is the curve that shows the profit that companies are making from producing and selling services and products, if firms start to merge then that would initally create a shift to the left, meaning that the profit of the firms will decrease, but as they stabilize the curve will begin to shift towards the right and into balance.

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