Cheizza, a pizza vendor in the country of wisbane, believes that the taste of fresh cheese in its pizzas is its unique selling point. however, recently there has been a rise in the number of pizza vendors in wisbane who have also started using fresh cheese to prepare their pizzas. this has led to a drastic increase in the demand for cheese. however, the amount of milk produced in the country is insufficient to meet the increased demand for cheese. in the context of changing environments, which of the following does this scenario best illustrate?
a. resource scarcity.
b. buyer dependence.
c. discontinuous change.
d. punctuated equilibrium.

The correct answer is letter "A": Resource scarcity.

Explanation:

Resource scarcity is the fundamental economic issue by which individuals have limitless desires and needs but depend on limited sources to meet them. Because of this scenario, individuals must trade-off the fulfillment of some desires, so that others can also be met.

In the example, the scarce resource is the milk that is useful to produce cheese for the pizzas sold in Wisbane.

christopher columbus sail the ocean blue 1492

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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