Question
You want to travel from Bangalore to Kochi. In this scenario, which of the following are manifestations of scarcity?
Answer: Option A
:
A and B
Scarcity arises due to limitations in available resources or when the product itself is limited. Here, non-availability of train tickets and non-affordability of flight tickets are examples of scarcity.
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:
A and B
Scarcity arises due to limitations in available resources or when the product itself is limited. Here, non-availability of train tickets and non-affordability of flight tickets are examples of scarcity.
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