No, think scarcity in the "artificial scarcity" sense where only 1000 copies of a certain handbag were made so they can market it as "limited edition" and demand a higher price than if they were making as many as they could.
Yes - Ferrari could make far more cars than they do. But new cars are limited edition and sold only to prior owners of Ferraris. This is a marketing strategy that keeps them artificially exclusive cars.
The problem is web3 hasn't yet come up with an experience as cool as owning and driving a ferrari and it's much easier to recreate/knockoff an nft than it is to make a facsimile ferrari