Question

You have to choose between playing a team sport and taking music lessons because the practices overlap. what economic concept does this dilemma demonstrate? music lessons are scarce. sports teams are scarce. time is scarce. demand is scarce.

Answer 1

Time is scare is the economic concept this dilemma demonstrate.

Why Time is scare?

The time is scare because there is an over lap between the team sport or doing the music instruction. This demonstrates that there is not enough time to meet demand.

Two of the tasks require more time than is available. Both team sports and music courses cannot be played because of the lack of time.

Although there is a strong need for time, two things cannot happen at once. The need for time is great, but there is nothing one can do about it; she must choose between the two options presented.

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