Select one of the economic concepts covered in weeks 1–2 (scarcity, supply, demand, choice, equilibrium) and answer these questions: 1. What is the economic concept you selected? 2. How would you describe this concept to a friend or colleague? 3. What is a current event, article, or video that relates to this concept? (Include the URL link to a video or article that further discusses this concept, but do not use Wikipedia.) 4. How does this current event, article, or video relate to this concept?
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