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A weekend market is offering $2 cups of coffee at one stall and free pizza at another stall. Thinking like an economist at this market,

A weekend market is offering $2 cups of coffee at one stall and free pizza at another stall. Thinking like an economist at this market, you would consider:

  1. Coffee and pizza as being scarce goods.
  2. Coffee to be sometimes scarce.
  3. Pizza not to be a scarce good.

Which of the above statements are true:

Only 1 is true.

Only 2 is true.

Both 1 and 2 are true.

Both 2 and 3 are true.

All three are true.

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