How does scarcity affect customers?

Question

A Limited money, money forces consumers to make choices
B Limited time prevents customers from making decisions
C Limited numbers of producers, forced customers to be loyal
D Limited once and needs limited customers to small purchases

Answer 1

A Limited money forces consumers to make choices. Customers are often faced with a limited budget and have to decide how to allocate their funds between various competing needs and wants. This can lead to prioritization of certain purchases over others, as well as potentially seeking out lower-cost alternatives.