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    scarce resources

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    I need help answering the following true/false question with an explanation and example in simple terms. Your help is GREATLY appreciated!

    Q: Price is a poor way of rationing important scarce resources such as gasoline, housing or food.

    © BrainMass Inc. brainmass.com October 9, 2019, 8:37 pm ad1c9bdddf
    https://brainmass.com/economics/monopolies/scarce-resources-156875

    Solution Preview

    This statement is true. People cannot survive without resources such as housing, food or gasoline, so ...

    Solution Summary

    Briefly summarize scarce resources.

    $2.19