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Which is the best definition of scarcity? A. lack of consumer interest B. government regulation of currency C. low demand D. insufficient amounts of resources to meet the demand…

Which is the best definition of scarcity? A. lack of consumer interest B. government regulation of currency C. low demand D. insufficient amounts of resources to meet the demand…
asked 36.5k views
4 votes
Which is the best definition of scarcity?

A. lack of consumer interest
B. government regulation of currency
C. low demand
D. insufficient amounts of resources to meet the demand

asked
User Mitpatoliya
by
8.1k points

2 Answers

6 votes
The definition of scarcity is ( the state of being scarce or in short supply; shortage.), So the choice D would be the best.
answered
User Hugo Jordao
by
8.1k points
4 votes
The answer to your question is D.

The actual definition of SCARCITY: the state of being scarce or in a short supply; shortage
Which means that there's not enough of something to fully meet the requirements for the demand.

Hope this helps!!

answered
User ThrowableException
by
7.8k points
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