Dearth is a noun that refers to a scarcity.
Derived from a Middle English word that had the same meaning and nearly the same spelling — D-E-R-T-H-E. This word evolved into our word of the day as well as the word dear which once had the same meaning as dearth.
Faced with a dearth of options, Tommy sold his beloved car. It hurt him to do so, but these are the kinds of choices one has to make when alternatives are scarce.