Get the answers you need at Westonci.ca, where our expert community is always ready to help with accurate information. Experience the ease of finding accurate answers to your questions from a knowledgeable community of professionals. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

Recently, Curie Motors opened an electric vehicle manufacturing plant in Boomtown. The company is hiring hundreds of workers, but the new employees are having trouble finding affordable housing. New houses in Boomtown are very expensive because there is very little suitable land available in the area.

This problem is an example of which economic concept?
A.
scarcity
B.
monopoly
C.
incentive
D.
innovation


THIS IS CIVICS


Sagot :

Answer:

scarcity.

Explanation.

scarcity as there is very little suitable land available meaning houses are scarce