Correct Answer is : Implies that all consumer wants will never be completely satisfied.

Does not apply to rich, developed countries

Does not apply to poor, under developed countries

Implies only to socialist economies.

Implies that all consumer wants will never be completely satisfied.

CA CPT Model Test Paper 4 with solutions for online practice

Question : 107 of 199

Marks: +1, -0

The Law of Scarcity

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