MCQOPTIONS
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| 1. |
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» C. Availability of post-graduates for jobs of typists | |