1. Business
  2. Economics
  3. a good is said to be scarce when...

Question: a good is said to be scarce when...

Question details
a good is said to be scarce when

mclec06h ch01-0109m A good is said to be scarce when: O a. consumers do not have to give up the consumption of another good to consume this good b. consumers consume less of this good as their income increases. O c. it is not freely available and its price exceeds zero O d. its consumption increases as its price increases
Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution