Question

Which object is likely to have the most value based on the concept of scarcity? a flowering plant a silver necklace a new coffee table a crop of oranges

Answer 1

Out of the given items, the silver necklace is likely to have the highest value as it is by far the most scarce option compared to the other three.

A flowering plant and a crop of oranges are easily obtainable in our everyday lives, and a new coffee mug is much easier to find than a silver necklace.