How does scarcity affect the range of possible choices that decision makers face?
A)It narrows the choice to a single option.
B)It narrows the range of choices.
C)It increases the possible methods for solving problems.
D)It clarifies the choices by highlighting the best solutions.
E)It simplifies the choices and therefore widens the range.

Question

Quizplus · Accepted Answer

Scarcity limits the availability of resources, which in turn limits the range of choices that decision makers have. With less resources available, decision makers must consider trade-offs and prioritize their options, leading to a narrower range of choices.

How Does Scarcity Affect the Range of Possible Choices That