Question

A higher demand for a good or service than what is currently available in the market is the definition of __________.

A.
surplus
B.
scarcity
C.
shortage
D.
supply


Please select the best answer from the choices provided

A
B
C
D

Answer 1

Step-by-step explanation:

C. A shortage means that there isn't enough for demand. Scarcity just means there isn't much of it. Shortage includes demand. A is a good amount for anything. And D just means how much supply there is.

So basically its C.