1.

Which of the following would signify scarcity in economics? (a) Production of 100 kg of a certain item instead of the targeted 150 kg (b) Availability of 10 kg of rice against a demand for 15 kg (c) Availability of post-graduates for jobs of typists(d) Quantity supplied remains the same when price changes 

Answer»

(b) Availability of 10 kg of rice against a demand for 15 kg



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