When demand exceeds the amount of resources, the result is called a. scarcity. b. demand. c. consumerism. d. opportunity cost.

asked Mar 2, 2017 119k views

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When demand exceeds the amount of resources, the result is called

a. scarcity.
b. demand.
c. consumerism.
d. opportunity cost.

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scarcity, this is a situation where the resources become scarce in relation to their demend.

Aaragon answered Mar 5, 2017

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The correct answer is A.