Suppose Hassan wants to rent a house near the lake over a holiday weekend, but the only house available is out of his price range. This is an example of:

Question

Quizplus · Accepted Answer

A resource constraint is a situation where a limited amount of resources (in this case, affordable houses near the lake during a holiday weekend) is insufficient to satisfy everyone's wants and needs. This is the most relevant concept, as the other options do not necessarily apply to this situation.

Suppose Hassan Wants to Rent a House near the Lake