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What is a likely result when a population's wants and needs exceed the productive resources under the population's control?

A. Scarcity of goods and services
B. Surpluses of goods and services
C. Falling prices of goods and services
D. Falling demand for goods and services



Answer :

GinnyAnswer

Final answer:

Scarcity results from exceeding available resources, leading to a shortage of goods and services.


Explanation:

Scarcity occurs when a population's wants and needs surpass the productive resources under their control. This leads to a situation where there is a shortage of goods and services relative to demand. As a result, prices may rise due to limited availability, indicating scarcity.


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