Look at Figure 1.3 and select any two points out of points A-C, D-F, or G-I, on

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Look at Figure 1.3 and select any two points out of points A-C, D-F, or G-I, on any of the three graphs, and explain the opportunity cost between these two points. Also, explain how this graph relates back to the concept of scarcity. Lastly, provide your own example of a production possibilities curve by selecting two goods or services and explaining how it relates to the concept of scarcity and opportunity cost.

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