Ask Question
27 August, 09:21

Which situation best illustrates the concept of scarcity? a class designing and selling calendars a cook learning to be an executive chef a friend buying a copy of a popular DVD a person buying a used car due to limited income

+4
Answers (2)
  1. 27 August, 09:30
    0
    a person buying a used car due to limited income

    Explanation:

    took test
  2. 27 August, 09:35
    0
    Scarcity in economics is a result of people always wanting for something new but having limited resources to satisfy or fulfill it.

    An example of scarcity - - when a person would have wanted a new car but due to limited income, he can not buy it. He bought a used car instead.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which situation best illustrates the concept of scarcity? a class designing and selling calendars a cook learning to be an executive chef a ...” in 📗 History 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