Q1: If resources are scarce and if people are always wanting more than the economy can provide, how is it possible that we would have unemployment?
Q2: Give an example of an exception to the law of demand (i.e. something consumers want to buy more of as the price goes up). Explain why this could happen.
* Please do not repeat the question in your Response. Sometimes (but not always) the question is a subjective (opinion) question with no right or wrong answers, but still try to use some of the concepts, terms, and ideas from the current chapter within your answer.
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Q1: If resources are scarce and if people are always wanting more than the econo