Which of the following is an example of scarcity, rather than shortage?

A person wants an endless supply of everything but cannot have it.

Gasoline was rationed in America during World War II.

You have spent your last penny and payday is a week away.

A popular toy is sold out during the busy holiday season.

Question

Which of the following is an example of scarcity, rather than shortage?

A person wants an endless supply of everything but cannot have it.

Gasoline was rationed in America during World War II.

You have spent your last penny and payday is a week away.

A popular toy is sold out during the busy holiday season.

ane · Answer

@Shadow  A?

Shadow · Answer

Scarcity is when suppliers are not willing to supply a product at a price that consumers want to buy it at. This usually happens due to the scarcity (or lack of) the raw materials to create the product.

Shadow · Answer

Prices usually rise up as a result.

Shadow · Answer

A could work because it alludes to the fact of that natural resources are inherently scarce (there are limitations).

ane · Answer

thank you, it was right

Shadow · Answer

Haha, sorry it took a bit. At school :P

ane · Answer

no problem!. u helped is what matters :)

ane · Answer

and I'll not bother you now