what are the two factors which define scarcity. ( a) demand (b) demand and supply (c)supply (d) the none of these
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Answer:
(b) demand and supply
Explanation:
Scarcity is defined as a state when demand is very high but supply cannot meet the demand.
To combat scarcity, supply and demand must be at par if not greater.
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what are the two factors which define scarcity. ( a) demand (b) demand and supply (c)supply (d) the none of these
ANSWER.
b.demand and supply.
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