The Concept of Scarcity,as Used by Economists,refers to

The concept of scarcity,as used by economists,refers to

A) a situation in which an item is very expensive.
B) a situation in which an item is available only in very small quantities.
C) a situation in which a resource is nonrenewable.
D) shortages.
E) a situation in which the available resources are not enough to satisfy the wants of the people.