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 refers to the limited availability of resources relative to unlimited wants. A person with limited income facing the decision to buy a used - car shows the scarcity of financial resources. The other options do not directly relate to the concept of limited resources and unlimited wants.

Answer:

a person buying a used car due to limited income