If a good has become more scarce,then we know for sure that
A)the demand for it increased.
B)the supply of it decreased.
C)either the demand for it increased or the supply of it decreased.
D)both the supply of it and the demand for it decreased.

Question

Quizplus · Accepted Answer

Scarcity can result from either an increase in demand or a decrease in supply, as both situations lead to a relative shortage of the good.

If a Good Has Become More Scarce,then We Know for Sure