What is the difference between a shortage and scarcity?
A.Scarcity will almost always exist, but a shortage will exist only if the price is kept below the equilibrium level.
B.Scarcity is a result of two or more alternative uses, and quantities of supply and demand adjusting to flexible prices will create shortages.
C.A shortage will exist when a good is scarce.
D.There is no distinction between the two.
E.They are the same thing.

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The Answer of What is the difference between a shortage and scarcity?
A.Scarcity will almost always exist, but a shortage will exist only if the price is kept below the equilibrium level.
B.Scarcity is a result of two or more alternative uses, and quantities of supply and demand adjusting to flexible prices will create shortages.
C.A shortage will exist when a good is scarce.
D.There is no distinction between the two.
E.They are the same thing.

What Is the Difference Between a Shortage and Scarcity