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No, that is very unlikely.

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15y ago

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What happens when goods become scarce?

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Gemstones are expensive because they are scarce and rare in the natural world and are otherwise also hard to find because they are buried in the ground.


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What does it mean to say that a resource is scarce and how does scarcity impact its availability and value?

When a resource is scarce, it means that there is not enough of it to meet the demand for it. This scarcity can impact the availability and value of the resource because it becomes more desirable and sought after. As a result, the resource may become more expensive and harder to obtain, leading to competition and potential conflicts over its use.


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