When economists say scarcity, they mean: there are only a limited number of consumers who would be interested in purchasing goods. the human desire for goods exceeds the available supply of time, goods and resources. most people in poorer countries do not have enough goods. goods are so expensive that only the rich can afford it.

The third program provides families with $50 in food stamps each week, redeemable for both perishable and nonperishable food. the fourth policy instead provides a family with a box of nonperishable foods each week, worth $50. use two graphs to illustrate that a family may be indifferent between the two programs, but will never prefer the $50 box of nonperishable foods over the $50 in food stamps. state your answer and use a consumer choice model for perishable food and nonperishable food to graphically justify your choice.