How does scarcity force people to make economic choices?

Scarcity has a large impact on businesses and consumers.

Explanation:

Consumers may want something but it is to expensive, but because there aren't many of them they may buy the product. Businesses deal with Scarcity by trying to see which out come can make them the most money.

d, conspicuous consumption is when you try to increase your wealth or social status (and in the case he's trying to create the perception of wealth considering he can't really afford it)

eds? ederal government or feds