o an economist, scarcity means that:
| a. |
it is very time-consuming to find a good. |
|
| b. |
at the current market price, the amount available is less than the amount that people want and are willing to pay for. |
|
| c. |
a good is unavailable even at very high prices. |
|
| d. |
resources are limited but people's desires are unlimited. |
ANSWER:
The correct answer is option d that is resources are limited but people's desires are unlimited as it is the definition of scarcity.
o an economist, scarcity means that: a. it is very time-consuming to find a good. b....