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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
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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

User Mitpatoliya
by
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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.
User Hugo Jordao
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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!!

User ThrowableException
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7.8k points
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