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Depends on the setting, I learn about the scarcity of bread in my microeconomics class. If you live in the USA, the demand for bread is usually low, hence the variety of substitutes, and the surplus of the quantity of food demanded. However, poor people like Zimbabwe or some other African country combined will be willing to sacrifice their lives over the smallest pieces of crumbs. Hence, demand for bread there is comparatively high. So it depends if you are black or white.

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16y ago

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