Question

What items is NOT scarce? Explain.

What items is NOT scarce? Explain.

Homework Answers

Answer #1

Free goods are not scarce.free goods means goods or services that a consumer can obtain for free because they are abundant relative to the demand.

In production process calculus can be classified as a free good.hence any good whose supply is greater than the demand if their price were zero is called free goods because consumers can obtain all they want at no change.

Like Air is free good but clean air is scarce.water is free good but clean water is not .sand in the desert is also free good.

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