Question

Of the following examples below, which is not an example of scarcity?

Answer 1

Scarcity refers to the basic economic problem of the gap between limited resources and unlimited wants, which means demand is not able to meet from the scarce resources exist.

When John has a test tomorrow that he must study for but he also wants to go to a music concert. Therefore, there is a scarcity of time.

Each year only limited amount of the flu vaccine is created ,there is scarcity of flu vaccine.

Hawai's demand for teachers is much higher than supply , this means there is scarcity of teacher.

A puppy mill was shut down and all of the dogs went to an overcapacity human society , leading to an increase in the supply of adoptable dogs. This is not an example of scarcity .