Question

________situation arises when supply of resources are less than the demand of resources.​

Answer 1

Crisis situation arises when supply of resources are less than the demand of resources.

Answer 2

Answer:

Answer

Correct option is

B

Supply of resources < Demand for resources

Scarcity of resources refers to the situation where resources are limited in quantity and have alternative uses in production of various commodities. So the problem of these scarce resources is reflected in the aggregate supply of the economy which is also limited owing to limited source of inputs and unlimited demands as human wants are unlimited.