Q. Which of the following would signify scarcity in economics? (Solved)
1. Production of 100 kg of a certain item instead of the targeted 150 kg
2. Availability of 10 kg of rice against a demand for 15 kg
3. Availability of post-graduates for jobs of typists
4. Quantity supplied remains the same when price changes
- b. Availability of 10 kg of rice against a demand for 15 kg