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Discuss the three situations-shortage-scarcity or inadequacy

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Question: Explain which of the three situations-shortage, scarcity, or inadequacy-is illustrated by each of the following, and why.

a. You go to a store to buy a certain computer game and find that it is sold out.

b. Jasmine cannot afford to go to a doctor.

c. Rafe can think of dozens of music CDs he would like to buy, but he also would like to buy a lot of new clothing.

Reference no: EM131580507

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