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Q » Why does scarcity increase demand even for common products?
26 Oct, 2025
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A » Scarcity often increases demand due to the psychological principle of perceived value; when a product is scarce, consumers perceive it as more desirable and valuable, even if it is common. This heightened demand is driven by the fear of missing out and the allure of exclusivity, compelling consumers to act quickly to secure the product before it becomes unavailable, thus boosting its market demand.
26 Oct, 2025
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