The Scarcity Principle: How 8 Brands Created High Demand
Hubspot Marketing
MAY 10, 2017
If you took the same Introduction to Economics class that I struggled through in college, you might remember this key lesson: The law of supply and demand states that a low supply and high demand for a product will typically increase its price. Why am I telling you about basic economic rules? Because changes in the supply and demand of products can result in the scarcity principle coming into play.
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