Question

Which situation would reduce the scarcity of a product?

A. The natural resources used to make the product begin to run out.
B. Demand for the product rises, and more people want to buy it.
OC. A foreign country begins exporting the product in high volume.
OD. One of only two factories that made the product shuts down.

Answer 1

One of only two factories that made the product shuts down.

Step-by-step explanation:

Answer 2

C. A foreign country begins exporting the product in high volume.

Step-by-step explanation:

The question asked is, what situation would reduce the scarcity of a product?

Which simply means, What situation would make a product more available to customers?

The answer would be option C because if a foreign country starts to export the product in high volume, then the product would no longer be scarce but accessible and available to consumers.

Meanwhile, the other options are the opposite of the correct answer.