It is u the definition is u its just u
Answer:
The correct answers are:
1) "B": a common resource.
2) "A": excludable and rival.
Explanation:
1) A common resource is one that provides tangible benefits. This is the type of resource that can be used by several people at the same time without excluding the availability for its use to others. If they are not owned by anyone they take the name of open-access resources.
2) A good is excludable and rival if someone can prevent the use of it and when its use necessarily implies others not using it. Under this category fall all private resources since their ownership belongs to a certain number of people only if not only one.
A shortage exists when the quantity demanded is greater than the quantity supplied.
<h3>What is
shortage ?</h3>
- Shortage means that the Seller does not have sufficient quantities of the Products at the Delivery Location due to lost or failed quantity shipments, exhausted inventory, or for any reason unable to ship the Products to the Delivery Location. .
- Examples of shortage are food, water, energy and labor.
- Changes in demand or supply can occur for a variety of reasons.
- Not all are related to price changes.
- Rarity and rarity are two different things, and certain economic rarity characteristics set them apart.
- From an economic point of view, a bottleneck occurs when demand exceeds supply.
- Supply and demand must match in order for the market to remain in equilibrium.
- Otherwise, there will be excess and deficiency.
To learn more about shortage from the given link :
brainly.com/question/28457260
#SPJ4
