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Which of the following is NOT an example of scarcity?

Select the correct answer below:

A) Due to a lack of rain in San Diego, California, the amount of water for families is limited.

B) Crude oil was in short supply in the 1970s, leading to a quantity demanded being greater than the quantity supplied.

C) After textbook buyback season, Amazon received an influx of used textbooks into their inventory.

D) Fresh water bass are on the decline due to disease.​

Respuesta :

mayaemma5268
The correct answer is C “After textbook buyback season, Amazon received an influx of used textbooks into their inventory”

Answer:

Option (C) is correct.

Explanation:

Scarcity refers to a term that is used when there is a shortage of resources such as natural resources, labor and capital. Scarcity occurs when there are  limited resources to satisfy a given want.

Option (C) is not an example of scarcity because there is no shortage of natural resources, labor or capital. In fact, amazon receives large number of used books and its inventory of textbooks increases.

Examples of scarcity:

Option (A): There is a shortage of rain which is a part of natural resources.

Option (B): There is a shortage in the supply of crude oil which results in scarcity. Here, demand for crude oil exceeds the supply of crude oil.

Option(D): Fresh water bass is a species of fish which is affected by the diseases in the water. So, this will lead to the scarcity of the fresh water bass fish.

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