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.
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.
1 answer