To say that something is scarce means that:
a. it is no longer available in stores.
b. it must be conserved at any cost.
c. even the government cannot supply it.
d. sufficient amounts of it available only at a zero price.
e. not enough is available to satisfy people's wants at a zero price.
e
Economics
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A falling price level in conjunction with rising output would be evidence in favor of which model?
a. Keynesian model. b. monetarist model. c. real business cycle model. d. a and b. e. none of the above.
Economics
A rightward shift of the demand curve will lead to an
A) increase in equilibrium price. B) excess demand at the old equilibrium price. C) increase in quantity supplied. D) All of the above.
Economics