Question

HELP!!!! WILL GIVE MEDAL!!!!
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.

I am thinking the answer is A

Answer 1

@beastly21 @Nurali @rose21

Answer 2

Maybe it is C?

Answer 3

i think A shortage can be temporary or long-term, but scarcity always exists.

Answer 4

I think it is C. too

Answer 5

The answer is A according to the caption from my book.

Answer 6

Though similar in meaning, shortage and scarcity are used in different contexts.
Shortage is manmade and can be removed mainly through a price hike or importing the commodity from a foreign country.
Scarcity is natural and always exists like natural resources that are depleting day by day .
for more reading http://www.differencebetween.com/difference-between-scarcity-and-vs-shortage/