Scarcity implies that
A) the satisfaction of one person's want means another person's want can also be satisfied.
B) the satisfaction of one person's want means another person will be more than satisfied.
C) the satisfaction of one person's want means another person's want cannot be satisfied.
D) no person's wants can be satisfied.

Question

Quizplus · Accepted Answer

Scarcity means that resources are limited and there are not enough resources to satisfy everyone's wants at the same time. Therefore, if one person's wants are satisfied, it means that resources are being directed towards that person's wants and there may not be enough resources left to satisfy another person's wants. Hence, option C is the correct answer.

Scarcity Implies That