10 Outline one way a consumer might be affected by scarcity.

[Abdullah Altaf]

[KN] Scarcity is lack of resources.
[APP] For instance if a consumer wants to buy a new phone but also wants a new laptop however due to limited resources (funds) he can only buy one.
[AN] Hence if he buy phone then the work which would have been done from laptop would be slow resulting in late submission hence job loss, creating financial problems, leading to demotivation.

[Mamoona Hussain]

KN: One way a consumer is affected by scarcity is that they have limited finance.
APP: For instance they cannot purchase a holiday and a new car at the same time.
AN: This limits their purchasing power due to which their living standards fall. Thus, a choice has to made between buying the car or the holiday.

[Areeba Arshad]

[KN] Scarcity means consumers have limited income and can not satisfy all their wants.
[APP] For example, a consumer may not be able to afford both a holiday and a new car at the same time.
[AN] This affects them because they are forced to make a choice between the two, selecting one means giving up the other, which becomes the opportunity cost and this limits the overall satisfaction they can achieve from their spending.

[sarah_naeem]

(KN) Scarcity means there are limited resources but unlimited wants.
(APP) For example, if there is a drought happening in a region this would increase the price of wheat which would also increase the price of goods like bread.
(AN) So the average consumer may have to pay more or search for other options. Thus putting a limit on the consumers ability to buy other things.

[sarah_naeem]

(KN) Scarcity means there are limited resources but unlimited wants.
(APP) For example, if there is a drought happening in a region this would increase the price of wheat which would also increase the price of goods like bread.
(AN) So the average consumer may have to pay more or search for other options. Thus putting a limit on the consumers ability to buy other things.

[Dania Farooq]

KN)Scarcity means consumers have limited income and cannot buy everything they want.
(APP)For instance, a consumer may not be able to afford both a holiday and a new car with their income.
(AN)Consumer may be less satisfied as it they hv limited choice which may delay their purchases and lead to a low standard of living.

[Ayaan Fayaaz]

[KN] Scarcity can limit the availability of certain goods, forcing consumers to compete for what is left.


[APP]For example, if fuel supplies are scarce, drivers may find petrol stations running out or introducing purchase limits.


[AN]This affects consumers because they may struggle to access the product when they need it, which could disrupt daily routines like commuting to work or school.

[Abdur Rehman khan]

[KN] Scarcity means consumers have limited income and cannot afford to buy everything they want.
[APP] For example, a consumer may not be able to afford both a holiday and a new car at the same time because of limited funds.
[AN] This means the consumer is forced to make a choice, deciding which option provides greater satisfaction meanwhile sacrificing the other option.

[Arham Qadri]

[KN] Because of limited income
[APP] For example a customer may want to buy a football and football shoes but he can only buy one thing because of limited money
[AN] This forces the customer to make decision, give up the other product and faces an opportunity cost

[M huzaifa jillani]

(KN)
Scarcity means there are not enough goods or services for everyone.
(APP)
For example, if there are only a few bags of sugar in the shop , but many people want them not every one can buy it .
(AN)
This affects the consumers because they might have to pay a higher price a higher price or go without the sugar they wanted.

[amaimatif]

Scarcity affects consumers because they have limited income and cannot buy everything they want. For example, someone may want both a holiday and a new car, but cannot afford both. This forces them to make a choice and give up one option.

[Haiderabbas]

KN: Scarcity ycan make prices rise or choices limited, so a consumer might not get what they want as they have a limited income.
APP: for e.g if smartphones are scarce, you will not be able to afford a TV alongisde it.
AN: Scarcity reduces availability and forces consumers to either pay higher prices or switch to alternatives and they are forced to make a choice.

[SofiaRazaKhan]

[KN] Scarcity means resources are limited, which can make prices rise or reduce the choices available to consumers.
{APP] eg fresh vegetables are scarce, a consumer may not be able to buy their preferred groceries and might have to choose cheaper or less desirable options.
[AN] As a result, consumers have to make decisions about what they value most, showing that scarcity forces careful choices.

[Mashal Umair Niazi]

KN: The option/product/service that they want may become less
APP: Example a parent wants more schools/better education for their child, however due to scarcity of resources the government may be spending their funds on hospitals/army.
AN: Hence this may cause the consumer to get dissatisfied with the government/business in question, hence leading to distrust in the future aswell and overall bad mental health. Also, it may even cause severe consequences if they NEED that product/service like schools that are important for their future and can cause the family to go into financial problems due to illetracy and unemployment hence causing life-threatening problems aswell.

[masabtahir]

kn] consumer have limited income and unlimited wants which lead to scarcity.
app] for exp have to choice between a luxury car and a house.
an] people have unlimited choices but the resources are limited in world which create shortage and scarcity leading to high prices