Question

What is the difference between a shortage and scarcity.

Answer 1

A. Scarcity always exist
C. Scarcity concerns a single item
D.There is no real difference.

Answer 2

I think its A, but im not sure.

Answer 3

Scarcity is an issue of limited resources amidst unlimited wants.

Shortage is when demand exceeds supply.

Answer 4

i think the there is no much difference since they speak of the same issue

Answer 5

There's a huge difference.

Scarcity is an assumption of economics, whereas a shortage is a condition.

Answer 6

And @straybirds, you were right with A. Scarcity always exists.