Scarcity implies that: consumers would be willing to purchase the same quantity of a good at a higher price. it is impossible to completely fulfill the unlimited human desire for goods and services with the limited resources available. at the current market price, consumers are willing to purchase more of a good than suppliers are willing to produce. consumers are too poor to afford the goods and services available.

it is impossible to completely fulfill the unlimited human desire for goods and services with the limited resources available

Explanation:

Scarcity of something according to Oxford dictionary means that there isn't enough of that thing ; there is a shortage .

Scarcity of resources also means there are not enough goods and services to cover everyone available.

Population increase and the increase of human desires can play a big role in this , people demand more and more on such that this lead to deprivation because they keep wanting more and more and there is no limit to how much one can have .

Our desires accompanied with an increase in population has put so much demand on resources in such that there is not enough to fulfill our unending, increasing desires .

european feudalism was a combination of legal and military customs in medieval europe that flourished between the 9th and 15th centuries. broadly defined, it was a way of structuring society around relationships derived from the holding of land in exchange for service or labour.

japanese feudalism. the era of feudalism in japan took place from the 12th through 19th centuries. during that period local rulers, either powerful families or military warlords, dominated the land, while the emperor was merely a figurehead and not a significant political presence.

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