Imagine you have a bag of candies. If there are only two special red candies in the whole bag, most kids would probably want to eat them first, and maybe even trade their regular candies for those few special ones. That’s like how scarcity value works: when something is rare, it becomes more valuable because people really want it.
Examples
- A farmer wants to buy the best seed, even if it's more expensive than regular ones.
- You’ll pay more for a birthday gift that’s really special, like a signed autograph.
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See also
- Why Are Some Things Incredibly Expensive — And Others Practically Free?
- Why Are Some Things More Expensive Than Others?
- What is rarity?
- Why Are Some Things So Expensive and Others So Cheap?
- Why Are Some Things Always More Expensive?