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AP® Microeconomics

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Scarcity: Movies

APMICR-RGDMGI

Which of the following situations BEST describes the economic problem of scarcity?

A

Many consumers who want to buy tickets to the premiere of a new action adventure film are unable to buy them when the theater sells out as a result of low ticket prices.

B

Producers have to decide whether to make a romantic comedy or action adventure film because they do not have enough resources to film both.

C

A movie studio chooses to produce an action adventure film rather than a romantic comedy because it believes the action adventure film will be more profitable.

D

Theaters have many empty seats at the premiere of an action adventure film because the price of tickets is too high.

E

Consumers enjoy action adventure movies less as they see more of them.