Ask Question
9 July, 08:59

While shopping you discover that your favorite department store has lowered the price on a new MP3 player that you wanted to buy. You rush into the store, only to find that they are sold out. What concept does this scenario illustrate?

A. laissez faire

B. law of diminishing returns

C. scarcity

D. shortage

+1
Answers (1)
  1. 9 July, 09:18
    0
    Narrowing it down Scarcity ... it is when it is in short supply

    Shortage is when something cant be obtained because of lack of sufficient amount.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “While shopping you discover that your favorite department store has lowered the price on a new MP3 player that you wanted to buy. You rush ...” in 📗 English if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers