Answers 2025-2026_MDCPS_2109010-MJ World History Sem 1-CR Applying Economics to World History — Unit testQuestion 7

7

QuizMultiple Choice

Applying Economics to World History — Unit test

Question 7 • 2025-2026_MDCPS_2109010-M/J World History Sem 1-CR

What was the most likely effect of scarcity on an ancient trade good, such as ivory?

Answer

A

Scarcity created a surplus of ivory.

B

Scarcity reduced the supply of ivory.

C

Scarcity increased the supply of ivory.

D

Scarcity decreased the demand for ivory.

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