Apple's new iPhones are
not economically scarce because tens of millions of iPhones will be produced and sold this year.
not economically scarce because people do not have to compete for iPhones nor do iPhones need to be rationed by some mechanism.
economically scarce because people need, want, or desire more iPhones than Apple can produce and so people must sacrifice or give up something (i.e.,
pay a price) in order to obtain an iPhone.
economically scarce only when a shortage of iPhones exists.
economically scarce only because a limited number of iPhones can be produced in a given year.
not economically scarce because anyone who wants an iPhone can buy an iPhone.