Advertisements
Advertisements
Question
Scarcity refers to limitation of ______ in relation to ______ for a commodity.
Options
Demand, Sale
Demand, Supply
Supply, Demand
None of these
MCQ
Fill in the Blanks
Advertisements
Solution
Scarcity refers to limitation of Supply in relation to Demand for a commodity.
Explanation:
Scarcity is defined as the limitation of supply in relation to demand for a commodity. Therefore the correct pair is Supply, Demand.
shaalaa.com
Is there an error in this question or solution?
