When shoppers see that a certain item they like is running low in stock, they feel compelled to make the purchase right away instead of saving it for later. In a way, it goes hand in hand with the urgency principle.
When a certain item is rare, we tend to have this perception that it is more valuable. On the other hand, we tend to lose interest in something that everyone else can have access to. In other words, exclusivity is what we crave as humans. This is what the scarcity principle is all about.
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