Question

What does the term scarcity mean as it relates to economics? A. Resources are used to produce the goods that constitute wants and needs. B. Needs are more important than wants. C. There are more wants than needs. D. There are more wants and needs than can be satisfied by the available resources.

Answer 1

Answer: supply and demand

Step-by-step explanation:

the state of being scarce or in short supply; shortage.