a scarce supply of th price is what
scarce, or scarcity
Scarce
The supply of food is very scarce in Africa.
Synonyms for scarce (in short supply) can include sparse, scanty, rare, meager, or limited.
scarce?
yes
scarce
When supply is plentiful, prices fall, when items are scarce, the price rises.
Scarcity results when the demand for a good or service is greater than its supply.
Because it is important
If you mean a definition then 'something that is in limited supply' (: