Economics (AS & A Level) · May / June 2024 · Paper 11 · Question 4
9708Scarcity, choice and opportunity cost
Why does the concept of scarcity apply 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.
As printed in the paper
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Correct answer: B. Supply is insufficient to meet demand.
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