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Rolando Ibarra
History
12 May, 00:01
How is scarcity different from shortages?
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Judith French
12 May, 00:23
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scarcity is a naturally occuring limitation on a resource that can't be replenished and shortage is when the amount demanded is greater than the amount supplied. Scarcity would be like diamonds and a shortage would be like out of stock light bulbs
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