Scarcity affects
A) only rich people.
B) only poor people.
C) only middle income people.
D) all people.
D
Economics
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A market survey conducted by an electronics manufacturer reported a year on year growth in the sale of television sets, along with an increase in the selling price. Which of the following could be a likely cause for this situation?
a. A decrease in supply b. An increase in demand c. A decrease in demand d. An exception to the law of demand e. An increase in supply
Economics
Which of the following goods is most likely to be over consumed?
A. Fish in the ocean B. Chickens on a farm C. Horses on a ranch D. Water from a reservoir
Economics