Scarcity is a condition that exists when
A)there is a fixed supply of resources relative to the demand for the product.
B)there is a large demand for a product.
C)resources are not able to meet the entire demand for a product.
D)All of the above

Question

Quizplus · Accepted Answer

Scarcity occurs when resources are limited and cannot meet the entire demand for a product, leading to the need for allocation and prioritization.

Scarcity Is a Condition That Exists When