Warren Collins
09/21/2023 · Elementary School
QUESTION 24 When economists say goods are scarce, they mean a. goods are generally freely available from nature in most countries. b. consumers are unwilling to buy goods unless they have very low prices. c. the desire for goods and services exceeds our ability to produce them with the limited resources available. d. consumers are too poor to afford the goods and services available.
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Goods are scarce when the desire for them is greater than what can be produced with limited resources.
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