Question 4 (2 points) Saved In a small fishing village, resources such as fish and labor are limited, but the demand for seafood is high. How does the concept of scarcity manifest itself in this scenario? Scarcity is eliminated by increasing the price of seafood. Scarcity is evident as the village has an abundance of resources to meet the high demand. Scarcity is not applicable here because demand exceeds supply. O Scarcity is reflected in the limited availability of fish and labor relative to the high demand for seafood