Business, 21.01.2020 10:31 nicollexo21

What is the difference between a scarcity and a shortage?

a. a scarcity occurs when producers will not or cannot offer goods or services at the current prices, and a shortage occurs when there are limited quanitites to meet unlimited wants.

b. scarcity is the effort that people devote to a task taht meets unlimited wants, and a shortage occurs when supplies of goods or services run low.

c. a scarcity occurs when supplies of goods and services are suddenly attainable, and a shortage occurs when producers will not or cannot offer goods or services at the current prices.

d. a scarcity occurs when there are limited quanitities to meet unlimited wants, and a shortage occurs when a good or service is unavailable.

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What is the difference between a scarcity and a shortage?

a. a scarcity occurs when pro...

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