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

which statement best describes the impact of scarcity? people are able to meet most of their needs. consumers must pay higher prices for many items. governments must try to meet the wants of citizens. economies can work to provide more goods and services.

which statement best describes the impact of scarcity? people are able to meet most of their needs. consumers must pay higher prices for many items. governments must try to meet the wants of citizens. economies can work to provide more goods and services.

Answer

Brief Explanations:

Scarcity means limited resources. When resources are scarce for goods and services, according to the law of supply - demand, prices rise as consumers compete for the limited items.

Answer:

Consumers must pay higher prices for many items.