Multiple Choice
Which of the following most accurately describes a "scarce" good?
A) a good for which available resources are insufficient to satisfy unlimited human desires for it
B) a good that is always in demand at any price
C) a good for which there is a shortage at the current market price
D) a good for which it is impossible to increase production any further given the available resources and technology
Correct Answer:
Verified
Correct Answer:
Verified
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