Question

example of a product that went through a time of scarcity.

Answer 1

Water could work, in context of third-world countries (if you stretch this question a little bit).

Answer 2

Answer:

Water. In third-world countries, there may be a scarcity of fresh drinking water, It the product is scarce, the price is likely to rise because of the law of supply: as the quantity supplied of a good falls, the price rises.

Explanation: