Questions: Scarcity Principle and Psychological Reactance

2 questions to test your understanding

Score: 0 / 2
Question 1 Multiple Choice

A store announces 'Only 3 left in stock!' for a product you were casually considering. You suddenly feel a strong urge to buy it. Which mechanism is PRIMARILY driving that urge?

ASupply-demand economics — scarcity signals high market demand, justifying higher perceived value
BPsychological reactance — the threat to your freedom to purchase activates a drive to restore it
CSocial proof — if others bought most of the stock, the product must be good
DLoss aversion — you're more motivated by avoiding the loss of access than by the gain of owning it
Question 2 Short Answer

A government bans a book, and sales of that book spike dramatically. This is best explained by the scarcity principle or by psychological reactance?

Think about your answer, then reveal below.