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Scarcity refers to lumitation of ____ in relation to ____ for a commodity.

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Scarcity refers to lumitation of ____ in relation to ____ for a commodity.
A. Demand, Sale
B. Demand, Supply
C. Supply, Demand
D. None of these.
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C. Scarcity refers to limitation of Supply in relation to Demand for 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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