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Byju's Answer
Standard XI
Statistics
Scarcity
All tickets a...
Question
All tickets are sold out when you reach the counter to book a ticket. This is an example of
.
A
need
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B
want
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C
scarcity
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D
consumption
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Solution
The correct option is
C
scarcity
Scarcity is experienced when wants are unlimited with limited availability of the resource.
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