Question

Which of these factors in an economy is MOST LIKELY to encourage a consumer to purchase more?

Answer 1

Answer:

C) scarcity

Explanation:

less products to go around

Answer 2

Answer:

C) scarcity

Explanation:

"Through competition for scarce resources, consumers indirectly inform producers about what goods and services to provide and in what quantity they should be provided. As a result of their collective demands, preferences and spending, consumers tend to receive cheaper, better and more goods and services over time, with all else being equal."

Reference: Maverick, J.B. “Which Economic Factors Most Affect the Demand for Consumer Goods?” Investopedia, Investopedia, 25 June 2019