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

Ch 1 Enterprise
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Ruqyia Salman
Corporate Commander
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Joined: Mon Sep 15, 2025 5:11 pm

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

Post by Ruqyia Salman »

[KN] A consumer is affected by scarcity because they have limited income and cannot afford to buy everything they want.
[APP] For example, a person may have to choose between going on a holiday or buying a new car.
[AN] This means they are forced to make a choice, giving up one option — creating an opportunity cost.
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