Asked by adrina
                While shopping you discover that your favorite department store has lowered the price on a hot, new MP3 player that you wanted to buy. You rush into the store, only to find that they are sold out. This scenario illustrates the concept of 
a) scarcity
b) shortage
Im confused !
            
        a) scarcity
b) shortage
Im confused !
Answers
                    Answered by
            Ms. Sue
            
    This site explains the differences between shortage and scarcity very well.
http://int.danville.k12.pa.us/teacherweb/mboonie/site/Scarcity_&_Shortage.html
    
http://int.danville.k12.pa.us/teacherweb/mboonie/site/Scarcity_&_Shortage.html
                    Answered by
            yeseni
            
    While shopping you discover that your favorite department store has lowered the price on a hot, new MP3 player that you wanted to buy. You rush into the store, only to find that they are sold out. This scenario illustrates the concept of
    
                    Answered by
            Leeann
            
    Shortage would be the correct answer. the definition of scarcity is the dollars that become available for investors to use when others save. If you think about it, the store didn't have enough so it would be a shortage. Hope this helps
    
                                                    There are no AI answers yet. The ability to request AI answers is coming soon!
                                            
                Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.