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Homework answers / question archive / Which of the following is an example of scarcity? a
Which of the following is an example of scarcity?
a. Camden would like to have more designer clothes than he can afford.
b. Dennis takes as many vacations as he would like since he won the lottery.
c. Adam has more than enough food to eat each day.
d. Benito is wealthy so he has everything he could ever want.
The answer is a).
Scarcity exists when one cannot obtain as much as one desires. In this question, Camden's desire for more designer clothes is not met by the limited resources that she has at her disposal, and hence presents an example of (individual) scarcity.
