CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Hoarding of essential goods in the market creates


A

Surplus

No worries! We‘ve got your back. Try BYJU‘S free classes today!
B

Abundant

No worries! We‘ve got your back. Try BYJU‘S free classes today!
C

Sufficient

No worries! We‘ve got your back. Try BYJU‘S free classes today!
D

Artificial scarcity

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
Open in App
Solution

The correct option is D

Artificial scarcity


Excess demand is sometimes artificially created by hoarders. They stockpile commodities and do not release them to the market. This is called artificial scarcity.


flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Implications of a Sizable Population
GEOGRAPHY
Watch in App
Join BYJU'S Learning Program
CrossIcon