If you are planning to buy at nearby sari-sari store, grocery, or mall, it's hard to believe that scarcity is a problem. Are laundry detergents scarce? You will notice that even the stores have enough...

If you are planning to buy at nearby sari-sari store, grocery, or mall, it's hard to believe that scarcity is a problem. Are laundry detergents scarce? You will notice that even the stores have enough stocks of commodities to sell, you probably cannot afford to buy all you want, and so you have to make choices on how to use your limited resources (money, time, energy).

Given P500 as your allowance for the whole week. How will you allocate your budget for your expenses for the week?

List your choices and describe the advantages and disadvantages of each choice.