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What is the difference between a shortage and a scarcity?

Aa shortage can be temporary or long-term, but scarcity always exists.
Ba shortage results from rising prices; scarcity results from falling prices.
Ca shortage is a lack of all goods and services; scarcity concerns a single item.
Dthere is no real difference between a shortage and a scarcity.

Verified Answer :

Therapeep

Based on economic theory, scarcity is limitation of a resource which cannot be replenished. Shortage is used to indicate a market condition.
When applying this definition to your question, A is your answer.