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Jennifer Escobar Rodriguez Scarcity Story Cube (Bibliography (http://www…
Jennifer Escobar Rodriguez Scarcity
Story Cube
Bibliography
http://www.econlib.org/library/Topics/HighSchool/Scarcity.html
http://www.socialstudiesforkids.com/articles/economics/scarcityandchoices1.htm
https://www.reference.com/world-view/scarcity-affect-government-27fbf7dce8305116
https://www.askdavetaylor.com/how_does_scarcity_affect_product_pricing/
http://examples.yourdictionary.com/examples-of-scarcity.htm
Scarcity-there isn't a lot of it or it isn't always available
There isn't enough or a lot of a certain thing or item
scarcity refers to limitations
If strawberries are scarce, then the supply of strawberries is low. And if many people want to buy strawberries when none are available, then demand is high because of a low supply caused by scarcity.
Usually when something is scarce the price gets higher than when there was more of something
Supply goes down and price goes up.
If there is a high demand and the supply is new. Then the prices are high. If the supply is high but the demand is low. Then the prices are low.
Any time an item is not freely available, it is considered scarce.
the state of being scarce or in short supply; shortage.
If there is very few of something and it is very popular the price will increase a lot.
Examples
An example of scarcity is when there is one can of soda left but 5 different people want it
If strawberries are scarce, then the supply of strawberries is low. And if many people want to buy strawberries when none are available, then demand is high because of a low supply caused by scarcity.
Scarcity affects the way in which those in government distribute resources
Scarcity is the fundamental economic problem of having seemingly unlimited human wants in a world of limited resources. It states that society has insufficient productive resources to fulfill all human wants and needs.
Examples of Scarcity. Scarcity is fewer resources than are needed to fill human wants and needs. These resources can be resources that come from the land, labor resources or capital resources. Scarcity is considered a basic economic problem
