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A hurricane hits the coast of the United States, destroying oyster farms. Afterward, oyster farmers have far fewer oysters to sell to stores and restaurants. What is this situat…

A hurricane hits the coast of the United States, destroying oyster farms. Afterward, oyster farmers have far fewer oysters to sell to stores and restaurants. What is this situat…
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5 votes
A hurricane hits the coast of the United States, destroying oyster farms. Afterward,

oyster farmers have far fewer oysters to sell to stores and restaurants.
What is this situation an example of?
A. Incentive
B. Demand
C. Scarcity
D. Trade-off

User Kapitan
by
8.4k points

2 Answers

6 votes
The answer would be Scarcity because they are short supply do to the hurricane.
User Pavan Vora
by
8.7k points
4 votes
Answer: C. Scarcity

The situation is an example of scarcity.
User Ezod
by
7.7k points
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