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    Economics Today Study Set 1
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    Exam 2: Scarcity and the World of Trade-Offs
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    Briefly Explain the Difference Between the Concepts of Scarcity and Shortage
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Briefly Explain the Difference Between the Concepts of Scarcity and Shortage

Question 194

Question 194

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Briefly explain the difference between the concepts of scarcity and shortage.

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Scarcity is not a shortage. Scarcity occ...

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