Question

explain why scarcity gives rise to opportunity cost​

Answer 1

Answer:

• A rise in demand can cause a resource to become scarce. ... This dramatic increase in people (combined with rising incomes and economic output) has put a greater strain on many natural resources – causing greater scarcity amongst some resources and new forms of scarcity – such as rising sea levels.

Explanation:

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Answer 2

Answer:

Your scarce resources force you to make a choice and a trade-off producing one product or another. ... When scarce resources are used (and just about everything is a scarce resource), people and firms are forced to make choices that have an opportunity cost.