anonymous
  • anonymous
17 Which of the following would be a basic criteria for an item to be regarded as scarce? a. It should not be available in shops b. It should command a price c. It should provide consumers with welfare d. It should exist in smaller quantities Please answer! I'm preparing for CIMA foundation level Econ exam!
Economics - Financial Markets
  • Stacey Warren - Expert brainly.com
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SOLVED
At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.
jamiebookeater
  • jamiebookeater
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anonymous
  • anonymous
@ganeshie8 can you please help me?
uri
  • uri
I think it is D.
uri
  • uri
Because scarce resourses are in small quantities.

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anonymous
  • anonymous
ya even that's what I thought but here the answer is given as B! i'm not 100% sure about the answers given though!
uri
  • uri
I'm confused now It has to be D and if not D it should be A,but not B :P
anonymous
  • anonymous
A is more like a chilish response! but i'm torn between C and D! for instance Water is something needed everyone and is considered scarce resource because it provides welfare for the people.
uri
  • uri
Go with D.
anonymous
  • anonymous
thank you! :D
uri
  • uri
\(\color{red}{\overline{\underline{\Huge{\color{gold}{\star~}}\huge\tt\color{blue}{You’re~Welcome :)}\Huge{\color{gold}{~\star}}}}}\)

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