Ben owns an ice cream stand and has just learned that a key ingredient for his signature milkshake will soon be discontinued. What will Ben be dealing with based on the lack of availability of this resource? (1 point) Responses Scarcity Scarcity Allocation Allocation Restriction Restriction Abundance
Based on the lack of availability of the key ingredient for Ben's signature milkshake, he will be dealing with scarcity.
Scarcity refers to a situation where the resources necessary to fulfill human wants and needs are limited. In this case, the key ingredient for Ben's milkshake is limited in supply, which means it will be difficult for him to continue making the milkshake as before. It may also lead to increased demand or price for the milkshake, as customers may value it more due to its limited availability.
To come to this conclusion, I used my knowledge of basic economics. Economics is the study of how individuals and societies allocate scarce resources to satisfy their wants and needs. In this case, the scarce resource is the key ingredient for the milkshake, and Ben will need to find alternative solutions or make adjustments to his milkshake recipe to cope with the scarcity.