Quote:
Originally Posted by botn
This means that something can be considered scarce once demand exceeds supply. Nothing can be rare based solely on demand.
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I think rarity and scarcity are different things. Rarity is an absolute concept, having to do with the amount or number of something in existence. Scarcity is relative, comparing the amount of something with the demand for it. If there are only three of something in the world, but only two people want one (and they're not getting into a macho contest over who has more), then it's certainly rare, but it's not scarce.
Think about a Ten Million Obak. It seems like a scarce card, not a rare one. (And I might be showing my ignorance of Obaks with this example.) There's always a ready market for one when it does appear, and you might have to wait a while for that to happen.
Bill