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A higher demand for a good or service than what is currently available in the market is the definition of __________. A. surplus B. scarcity C. shortage D. supply

A higher demand for a good or service than what is currently available in the market is the definition of __________. A. surplus B. scarcity C. shortage D. supply
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A higher demand for a good or service than what is currently available in the market is the definition of __________.

A.

surplus
B.

scarcity
C.

shortage
D.

supply

asked
User Xraynaud
by
7.5k points

1 Answer

6 votes
C. shortage
A higher demand for something that is not really in circulation is shortage - being short of the items we need or want.
answered
User Mord Fustang
by
8.3k points
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