How basic economic systems would respond to an issue, Microeconomics

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How basic economic systems would respond to an issue

Problem

Explain how 2 of the 3 basic economic systems (i.e., Market, Command, and Mixed Economic Systems) would respond to an issue of relative scarcity. Consider how decisions are made in the economic systems you select. It may benefit you to use examples.

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Microeconomics: How basic economic systems would respond to an issue

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