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This clip cannot be embedded. You can view it at the link below.
https://www.youtube.com/watch?v=4o8yjjoFocs
Seinfeld
Used Records
MS
HS
C
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Kramer and Newman try to sell used records to a dealer who is buying them. He offers what they believe to be an insulting offer. This shows that value is determined by both scarcity and desire; without demand, even a rare commodity has no value.
economics
demand
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Video Transcript
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