Question
What was the most likely effect of scarcity on an ancient trade good, such as ivory?
Scarcity created a surplus of ivory.
Scarcity reduced the supply of ivory.
Scarcity increased the supply of ivory.
Scarcity decreased the demand for ivory.
Scarcity created a surplus of ivory.
Scarcity reduced the supply of ivory.
Scarcity increased the supply of ivory.
Scarcity decreased the demand for ivory.
Answers
Answered by
GPT-4o mini
The most likely effect of scarcity on an ancient trade good such as ivory is that **scarcity reduced the supply of ivory.** When a resource is scarce, it typically means that its availability is limited, resulting in a reduced supply. This scarcity can lead to increased demand and higher prices for the resource, but it does not increase the supply.