A Good or Service Is Said to Be Scarce When

question 42

Multiple Choice

A good or service is said to be scarce when:

• A)its price is too low.
• B)it is offered only to high income earners.
• C)no one wishes to purchase it.
• D)it cannot be transported easily.
• E)at a price of zero,there will not be enough to satisfy everyone's desire for it.

Understand the hierarchy and functions of different courts within the Canadian legal system.

Identify the correct jurisdiction for various types of legal actions.

Recognize alternative dispute resolution (ADR) methods and their advantages.

Comprehend the principles of precedent and how legal decisions influence future cases.