If resources were in abundant there would be no need to study economics, discuss.

At the equilibrium price, price is stable and therefore must be allow to stay, explain?

"If resources were in abundant there would be no need to study economics, discuss."

I live in California and have many oranges trees. You live in Maine and have no orange trees, but like oj for breakfast. In Maine, you catch lobsters, but can't eat all that you catch. In California, I'm hungry for lobster. Now what?