For society, when is a good NOT scarce?
A)if at least one individual in society can obtain all he or she wants of the good
B)if firms are producing at full capacity
C)if all members of society can have all they want of it
D)if those who have enough income can buy all they want of the good

Question

Quizplus · Accepted Answer

A good is not scarce if all members of society can have all they want of it. This means that there is no shortage or rationing of the good, and everyone who desires it has access to it without limitation.

For Society, When Is a Good NOT Scarce