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14-12-2015
Social Studies

Answered

Scarcity is defined as

Athe unlimited availability of goods and services.
Bthe imbalance between rational choice and irrational choice.
Cthe imbalance between what is wanted and what is freely available.
DNone of the above

Verified Answer :

14-12-2015

Scarcity can be defined as the imbalance between what is wanted and what is freely available. - C

If I want a hamburger but there is only one hamburger store in the whole city, this means it is very scarce and hard to find, making it a rare commodity.

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