Respuesta :
Situation best illustrates the concept of scarcity is a person buying a used car due to limited income
What is Scarcity?
Scarcity can be regarded as an economic situation whereby the demand for a resource is more compare to the supply .
Therefore, scarcity is as a result of the resource, been limited.
Learn more about Scarcity at;
https://brainly.com/question/1888324