Question

what is the difference between shortage and scarcity?

Answer 1

scarcity describes the general fact that there aren't enough goods or resources in the world to satisfy all our needs and wants
shortage means that for a specific good at a specific price, there is excess demand

Answer 2

a)

Answer 3

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

Answer 4

Are you in ca?

Answer 5

Thanks guys😉