does scarcity mean something is hard to obtain 
scarcity can explain a market shift to a higher price compare the availability of economic inputs or convey the opportunity cost in allocating limited resources the definition of a market price is one at which supply equals demand meaning all those willing to obtain the resource at a market price can do so scarcity can explain a market shift to a higher price compare the availability of economic inputs or convey the opportunity cost in allocating limited resources 