What best describes the concept of psychology of scarcity


Question: Which of the following best describes the concept of the psychology of scarcity? Question options: The examination of how individuals experience stress and anxiety when faced with limited resources. The study of how people prioritize their spending on luxury items over necessities. The investigation of how advertising influences consumer behavior to create a sense of abundance. The analysis of how individuals tend to make rational financial decisions when resources are scarce.

 

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