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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) production cost. D) opportunity
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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) production cost.
D) opportunity cost

User Tare
by
7.7k points

1 Answer

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