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attashe74 [19]
2 years ago
14

While shopping you discover that your favorite department store has lowered the price on a new MP3 player that you wanted to buy

. You rush into the store, only to find that they are sold out. What concept does this scenario illustrate?
A. laissez faire
B. law of diminishing returns
C. scarcity
Business
2 answers:
olya-2409 [2.1K]2 years ago
8 0
B.law of dimming returns
sweet-ann [11.9K]2 years ago
8 0
The correct answer for the given question above would be option C. The scenario wherein you discover that your favorite department store has lowered the price on a new MP3 player that you wanted to buy, and found out that they are sold out, this illustrates scarcity. This is the insufficiency of amount and supply.
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