Economics 9708 · AS & A Level · Scarcity, choice and opportunity cost

Scarcity, choice and opportunity cost — practice question

Why is the idea of scarcity relevant to the use of fossil fuels?

  • ADemand fluctuates according to price changes.
  • BSupply is insufficient to meet demand.
  • CTheir use is restricted because of harmful pollution.
  • DThey are being replaced by renewable energy sources.

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