Which of the following goods would be considered scarce?
A)iPods
B)crude oil
C)tax preparation services
D)all of the above

Question

Which of the following goods would be considered scarce?
A)​iPods
B)​crude oil
C)​tax preparation services
D)​all of the above

Quizplus · Accepted Answer

All of the above goods would be considered scarce because they all have limited availability and are desired by individuals, thus creating a demand for them. iPods have a limited supply, crude oil is a nonrenewable resource with a limited supply, and tax preparation services are limited by the number of individuals who can provide them.

Which of the Following Goods Would Be Considered Scarce