Scarcity refers to lumitation of ____ in relation to ____ for a commod

1.	Scarcity refers to lumitation of ____ in relation to ____ for a commodity.
Answer» Demand, SALE Demand, SUPPLY Supply, Demand None of these. Solution :C. Scarcity refers to limitation of Supplyin relation to DEMANDFOR a commodity. Resources are scarce in relation to our wants and economy cannot produce all what people want. It is the principal reason for existence of ECONOMIC problems in all ECONOMIES.

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