Question

What was the most likely effect of scarcity on an ancient trade good, such as ivory? Scarcity created a surplus of ivory. Scarcity reduced the supply of ivory. Scarcity increased the supply of ivory. Scarcity decreased the demand f

Answer 1

Answer:

B.scarcity reduced the supply of ivory

Explanation:

Answer 2

Answer:

Scarcity reduced the supply of ivory.

Explanation:

Scarcity occurs when a resource has very limited availability. In other words, scarcity occurs when the supply of a good does not meet the demand of that good.

The most likely effect of ivory scarcity in the Ancient World, thus, was a reduction in the supply of ivory when compared to the demand for the good. Scarcity did not necessarily reduced demand, but it did reduce supply. This very likely made ivory a very expensive good at the time.