What is the connection between scarcity and opportunity cost?
If a good is scarce, then demand for it (and usually price) goes up. If you have the opportunity to consume the good, and decline, then you may not have an opportunity to do so in the future. You may anticipate the future availability of the good when considering the opportunity cost of declining it now.
An example: A football match between your two favourite teams and a trip to the cinema may have similar costs, but you can go to the cinema tomorrow, and your favourite teams may not play each other again for a long time.
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