Question

which situation best illustrates the concept of scarcity?
a class designing and selling calendars
a cook learning to be an executive chef
a friend buying a copy of a popular dvd
a person buying a used car due to limited income

Explanation:

Scarcity is about limited resources. Buying a used - car due to limited income shows resource (money) scarcity.

Answer:

a person buying a used car due to limited income