Answered

What are the two criteria that you need to meet in order to have scarcity?

A. Desirability and Limited Amounts
B. Need and Want
C. Desirability and Need
D. Need and Ability to Buy



Answer :

GinnyAnswer

Final answer:

Scarcity in economics is when limited resources cannot fulfill all human wants and needs, based on limited amounts and desirability.


Explanation:

Scarcity is a fundamental concept in economics where limited resources cannot satisfy all human wants and needs. Two criteria that need to be met to have scarcity are limited amounts of the resource and desirability of that resource.


Learn more about Scarcity in Economics here:

https://brainly.com/question/17430147


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