In which of the following situations does scarcity arise

Supply of resources = Demand for resources

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Supply of resources < Demand for resources

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Supply of resources > Demand for resources

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None

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Solution

The correct option is B Supply of resources < Demand for resources
Scarcity arises because demand of resources is more than their supply, which leads to the problem of rational allocation of resources to their alternative uses.

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In which of the following situations does scarcity arise

The correct option is B Supply of resources < Demand for resourcesScarcity arises because demand of resources is more than their supply, which leads to the problem of rational allocation of resources to their alternative uses.

The correct option is B Supply of resources < Demand for resources
Scarcity arises because demand of resources is more than their supply, which leads to the problem of rational allocation of resources to their alternative uses.