which statement best describes the impact of scarcity?\npeople are able to meet most of their…

which statement best describes the impact of scarcity?\npeople are able to meet most of their needs.\nconsumers must pay higher prices for many items.\ngovernments must try to meet the wants of citizens.\neconomies can work to provide more goods and services.

which statement best describes the impact of scarcity?\npeople are able to meet most of their needs.\nconsumers must pay higher prices for many items.\ngovernments must try to meet the wants of citizens.\neconomies can work to provide more goods and services.

Answer

Brief Explanations:

Scarcity means limited resources. When resources are scarce, prices tend to rise as demand exceeds supply. Consumers then have to pay more for many items. The other statements do not directly relate to the core impact of scarcity.

Answer:

Consumers must pay higher prices for many items.