Multiple Choice
What does scarcity imply?
A) At current market price, consumers are willing to purchase more of a good than suppliers are willing to produce.
B) It is impossible to completely fulfill the unlimited human desire for goods and services with the limited resources available.
C) Consumers are too poor to afford the goods and services available.
D) Consumers would be willing to purchase the same quantity of a good at a higher price.
Correct Answer:
Verified
Correct Answer:
Verified
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