Q.

Which of the following would signify scarcity in economics?

A. Production of 100 kg of a certain item instead of the targeted 150 kg
B. Availability of 10 kg of rice against a demand for 15 kg
C. Availability of post-graduates for jobs of typists
D. Quantity supplied remains the same when price changes
Answer» B. Availability of 10 kg of rice against a demand for 15 kg
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