Scarcity Manifestations
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Question (English)
Which of the following is NOT mentioned as a manifestation of scarcity?
- Long queues at railway booking counters
- Crowded buses and trains
- Excess supply of goods in market ✓ Correct
- Shortage of essential commodities
Explanation:
Correct Answer Explanation
Excess supply of goods is not a manifestation of scarcity. Scarcity manifests as shortages and crowding.
Key Points:
- Manifestations of scarcity include: long queues at railway counters, crowded buses and trains, shortage of essential commodities, rush to get tickets.
- We face scarcity because things that satisfy wants are limited in availability.
Why Other Options Are Wrong
- A, B, D: These are all examples of scarcity manifestations.
📚 About this Topic — CH-1: Introduction
This multiple choice question is from CH-1: Introduction, NCERT Books, Statistics for Economics. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-1: Introduction to strengthen your preparation.
