Scarcity Guarantees That

question 490

Multiple Choice

Scarcity guarantees that

• A) demands will exceed wants.
• B) wants will exceed demands.
• C) demands will be equal to wants.
• D) most demands will be satisfied.

---

Definitions:

Revocation

The official cancellation or withdrawal of an offer, license, right, or permission.

Counteroffer

A counteroffer is a proposal made in response to an original offer, altering its terms and effectively rejecting the initial offer.

Lapse of Time

The expiration of a specified duration which can affect contracts, rights, or obligations.

Delivery

The process of transporting goods from a source location to a predefined destination.