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Question
Read the following statement carefully. Write True or False with a reason.
A free medicine given to the patients in hospitals is not a scarce commodity.
Read the following statement carefully. Write True or False with a reason.
A free medicine given to the patients in hospitals is not a scarce commodity.
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Solution
The correct option is B False
Although medicine is available at zero price, yet it is a scarce commodity. Because it involves some opportunity cost.
Although medicine is available at zero price, yet it is a scarce commodity. Because it involves some opportunity cost.
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