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24 February, 08:25

Which of the following illustrates scarcity

I got new pair of running shoes.

Angie loves riding her bike.

Ben will travel to new york city for spring break.

Susa wants to buy an iPhone 7 that costs over $700, but has only $200 to spend.

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Answers (2)
  1. 24 February, 08:32
    0
    Susa wants to buy an iPhone 7 that costs over $700, but has only $200 to spend.

    remember scarcity means short on supply. In this case she is short on money.
  2. 24 February, 08:38
    0
    Susa wants to buy an iPhone 7 that costs over $700 but has only $200 to spend. This explains that Susa doesn't have the sufficient resources (in this case money) to fulfill her wants (to buy the phone). She is short of $500 to purchase the phone.
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Home » Business » Which of the following illustrates scarcity I got new pair of running shoes. Angie loves riding her bike. Ben will travel to new york city for spring break. Susa wants to buy an iPhone 7 that costs over $700, but has only $200 to spend.
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