Scarcity, or the lack of sufficient resources, affects virtually all aspects of life, as people must constantly acquire wealth to pay for needs that are in short supply. ... When the supply of items is low, the relative demand for the item increases
The Factors that affect the demand are First, Willingness to
buy convey a desire, based on what economists call tastes and preferences. You may need nor want something, you will not
buy it then the Ability to buy convey that income is important. Second, size or
composition of the population can affect demand. The more children a family
has, the greater their demand for clothing. There is a need for the
Consumer to understand the changes because if there is greater demand there is
a greater supply.
Answer:
The days were cold and harsh, with little food and rain dampening the moods of everyone on the ship. Lots of people were passing on to the heavens because of diseases. I myself have so far been lucky enough to stay in good form, but others such as Little John, have not had the same luck as me. Little John had broken down in smallpox, and was still recovering in the infirmary down below. He also had scurvy from not getting enough Vitamin C. Captain says that we will reach the new world at least 10 days from now, but even 10 days are become unbearable. I have nothing else to do on this ship but record the passing days in my dearest diary. Father and mother would have gone on the ship with me, but they had to stay behind to maintain the family business. I can only hope that they are doing well, and I pray to god every night that they have good health and days. This is my first entry so far, and more are sure to come.
Explanation:
