Respond to the two post below:

Post 1: Scarcity is unlimited needs and wants for goods and services versus limited resources from which goods and services are made from and Shortage is a price at which quantity demanded of a certain good is greater than its quantity supplied. The reason why Maria was correcting Joe was because when the pandemic started last year in early 2020 there was not enough supplies for everyone because everyone was over buying more than needed of the supplies like toilet paper, hand sanitizers, mask's, and cleaning supplies it was not because the materials or people needed to create these supplies had limitations it was because people were over buying them because they were afraid the supplies would run out and they would

not have enough there was a much higher demand for these supplies during the beginning of pandemic. I think now it has got better but I still continue to see a shortage on some cleaning supplies. And yes, Joe is correct in the beginning when the pandemic started people were overspending on buying these supplies because they were hard to find anywhere and were afraid they would get COVID-19 if they were out of these supplies.

Post 2: Maria is correcting Joe because he is using the words scarcity and shortage synonymously.Scarcity is when resources are limited but their is still the supply to meet the demand. Shortage is when the demand exceeds the supply and is for a short lasting time. Masks and sanitizer may have ran out at local stores but they were restocked soon. Had it been scarcity there would not be any supply anywhere. I remember being in Mexico and a farmer had stated that during peak season the selling price is cheap and when the fruit is no longer in season the prices rise because there is no longer the supply to meet the demand which is scarcity.

Please respond with the following below criteria:

Content Rules

All entries need to meet the criteria of being content driven, complete, considerate, and 1 idea/1 paragraph:

1. Content Driven - this requirement means that the student actively thinks about the question or position stated and addsvalue to the discussion.Commentssuch as "I agree" or "That's right" are not content driven and will not count as valid entries.
2. Short but Complete - Limit your posts to 1-2 paragraphs. However, thoughts need to be fully developed toensure that when other students and the instructor read the comments theyare cogent and coherent.This alsomeans that the entries need to be written in proper businesscommunications format.
3. Considerate - The comments are academic discussions not personal attacks. While you are certainly encouraged to express positions that disagree with other's thinking, your thoughts mustbe presented as academic alternative positions with justification andexamples to support your alternative position. I will indicate to theentire class what comments are personal attacks and these comments willnot count as valid entries.
4. 1 idea/1paragraph - The entire paragraph should present ONE single idea. If you have other idea, that should go in a separate paragraph. Within a paragraph, the 1st sentence reflects the most important message.Following sentences support the idea mentioned in the 1st sentence.The last sentence concludes the idea.