1. In the wake of Hurricane ian, suppose the annual cost of homeowner's insurance increases dramatically in Florida. Based on what we know about the fundamental problem all humans perpetually face: 15 There would. be in imbalance between the amount of money Floridians would like to have in their bank accounts and the amount they have. 2. Higher insurance premiums would end: the problem of nancial scarcity for the insurance industry. 3. Financial scarcity would end for Floridians who own homes as long as they can afford the new insurance premiums. 4. There would be no change in the amount of nancial scarcity faced by Floridians since they have no choice but to pay tine higher premiums