Which of the following indicates greater scarcity of a natural resource?
A)an increase in its demand
B)a decrease in its supply
C)an increase in its price
D)a decrease in its stock

Question

Quizplus · Accepted Answer

An increase in the price of a natural resource typically indicates greater scarcity, as it reflects the balance between supply and demand, with higher prices suggesting limited availability relative to demand.

Which of the Following Indicates Greater Scarcity of a Natural