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
Answer:C
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