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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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