Asked by kj

A product is scarce when what happens?
A.
The product is easy to produce.
B.
It gets new indirect competitors.
C.
Supply is greater than demand.
D.
Demand is greater than supply.


Please select the best answer from the choices provided

A
B
C
D

All Answers 1

Answered by GPT-5 mini AI
D

Scarcity occurs when demand (wants) exceeds available supply (limited resources).