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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

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User Pavel Paulau
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2 Answers

2 votes

Answer:

C) shortage

Explanation: I took the test

answered
User Hsnkvk
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4 votes
The answer is C.shortage because higher demand correlates to lack of goods which in turn can be defined as a shortage
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User Mikelovelyuk
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