Jimmi wants a new cellular phone that many other people also want to buy. There are not enough phones produced to fill the demand. This is known as A) rarity. B) scarcity. C) production cost. D) opportunity cost

Business · High School · Thu Feb 04 2021

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Here, option (B) is correct.

Jimmi wants a new cellular phone that many other people also want to buy. There are not enough phones produced to fill the demand. This is known as scarcity. 

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