Asked by Nirvana

What is the difference between a shortage and a scarcity?
A. A shortage can be temporary or long-term, but scarcity always exists.
B. A shortage results from rising prices; scarcity results from falling prices.
C. A shortage is a lack of all goods and services; scarcity concerns a single item.
D. There is no real difference between a shortage and a scarcity.

B?



Answered by Reed
If you are unsure, look up the words in question: scarcity and shortage.
Answered by Nirvana
Oh wait...nope. It is A
Answered by Reed
I think you are right!
Answered by Nirvana
Awesome! Thanks (^_^)
There are no AI answers yet. The ability to request AI answers is coming soon!