What is the difference between a shortage and a scarcity?
a. a shortage can be temporary or l...
Social Studies, 18.10.2019 22:00 emmanolan112
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.
Answers: 3
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