Ask Question
BusinessBusiness
15 November, 08:21

Which of the following illustrates scarcity

I got new pair of running shoes.

Angie loves riding her bike.

Ben will travel to new york city for spring break.

Susa wants to buy an iPhone 7 that costs over $700, but has only $200 to spend.

+2
Answers (2)
  1. 15 November, 08:32
    0
    Susa wants to buy an iPhone 7 that costs over $700, but has only $200 to spend.

    remember scarcity means short on supply. In this case she is short on money.
  2. 15 November, 10:31
    0
    Susa wants to buy an iPhone 7 that costs over $700 but has only $200 to spend. This explains that Susa doesn't have the sufficient resources (in this case money) to fulfill her wants (to buy the phone). She is short of $500 to purchase the phone.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which of the following illustrates scarcity I got new pair of running shoes. Angie loves riding her bike. Ben will travel to new york city ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Clicking on a file and dragging it into a new folder is another way to perform which of the following commands? A. Copying and pasting B. Saving as C. Saving D. Cutting and pasting
Answers (1)
The demand for Manufacturing jobs is decreasing. increasing. slowly changing. remaining constant.
Answers (1)
You are comparing two annuities. Annuity A pays $100 at the end of each month for 10 years. Annuity B pays $100 at the beginning of each month for 10 years. The rate of return on both annuities is 8 percent.
Answers (1)
Which of the following is not true about process layouts when they are compared to product layouts? A. lower rates of output B. higher in-process inventories C. lower unit cost D. more involved cost accounting E. lower span of supervision
Answers (1)
Um motor que possui uma polia de 160 mm de diâmetro desenvolve 900 rpme move um eixo de transmissão cuja polia tem 300 mm de diâmetro. Calculea rotação do eixo. n1/n2=D2/D1 n1=900 n2=? D2=300 D1=160
Answers (1)
New Questions in Business
Information is stored in what type of object in a database? A. Report B. Query C. Form D. Table
Answers (1)
Taryn, who was sexually assaulted in a parking lot, experiences frequent nightmares and has withdrawn from her family and friends. Since the attack, she has difficulty sleeping and can no longer hold down a job.
Answers (1)
Robert Bryan, Jr., earns $400 per week plus 3% of sales in excess of $7,000. If Robert sells $21,000, how much are his weekly earnings?
Answers (1)
In the United States, the labor share of national income has significantly declined since its peak in 1970. See the section 3-2 in the text for additional information. Offer your explanation for this trend.
Answers (1)
Which one of the following is not an assumption for the law of one price? a. There is free competition b. There is no transportation cost c. There are no tariffs d. The skill level of workers is identical in both countries
Answers (1)
Home » Business » Which of the following illustrates scarcity I got new pair of running shoes. Angie loves riding her bike. Ben will travel to new york city for spring break. Susa wants to buy an iPhone 7 that costs over $700, but has only $200 to spend.
Sign Up Forgot Password?