Question

hat 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.

Answer 1

First of all, this question belongs in economics, not writing.

Secondly, the answer is A. A shortage is just an event, but scarcity is something that will always exist in every event. Remember, 100% of economies in the world experience scarcity.

Answer 2

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