Answer :
Final answer:
Scarcity in economics affects people's decision-making at all economic levels.
Explanation:
Scarcity is a fundamental concept in economics that affects individuals across all economic spectrums. Whether it's someone commuting to work, homeless individuals in big cities, or even the richest people in the world like Bill Gates and Warren Buffet, all individuals must deal with scarcity. This means that people have unlimited wants but limited resources, leading to crucial decision-making processes.
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