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Jimmi wants a new cellular phone that many other people also want to buy. There are not enough phones produced to fill the demand. This is known as A) rarity. B) scarcity. C) pr…

Jimmi wants a new cellular phone that many other people also want to buy. There are not enough phones produced to fill the demand. This is known as A) rarity. B) scarcity. C) pr…
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3 votes
Jimmi wants a new cellular phone that many other people also want to buy. There are not enough phones produced to fill the demand. This is known as

A) rarity.
B) scarcity.
C) production cost.
D) opportunity cost

asked
User Tare
by
7.7k points

1 Answer

2 votes
B) Scarcity - the state of being scarce or in short supply; shortage.
answered
User Ang Mo
by
8.4k points
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