Question

Which of the following illustrates scarcity

I got new pair of running shoes.
Angie loves riding her bike.
Ben will travel to new york city for spring break.
Susa wants to buy an iPhone 7 that costs over $700, but has only $200 to spend.

Answer 1

Susa wants to buy an iPhone 7 that costs over $700, but has only $200 to spend.

remember scarcity means short on supply. In this case she is short on money.

Answer 2

Susa wants to buy an iPhone 7 that costs over $700 but has only $200 to spend. This explains that Susa doesn't have the sufficient resources (in this case money) to fulfill her wants (to buy the phone). She is short of $500 to purchase the phone.