Multiple Choice Questions on Desire to own a commodity is always backed up by ........ for Common University Entrance Test (CUET) Preparation

Back to Main Page

Multiple Choice Questions

Desire to own a commodity is always backed up by ........

Economics (CUET) Determination of Income and Employment
    Download Solution PDF

    Desire to own a commodity is always backed up by:

     

    Desired quantity
     

    Incorrect Answer

    Purchasing power
     

    Correct Answer

    Final consumer good
     

    Incorrect Answer

    Flow concept

    Incorrect Answer
    छोटे Courses बड़े Results
    Master Determination of Income and Employment
    Prepare through Micro-courses
    Try Now
    Explanation:

    Option (2) is correct.
    Explanation: Demand refers to effective demand, which is the demand for a commodity should be backed by a willingness to spend and purchasing power.

     

    By: Parvesh Mehta
    ProfileResources

    Let's Discuss

    Master
    Determination of Income and Employment
    With abhipedia
    Micro Courses
    Try Now
    What our students have to say
    Review on us
    Download Abhipedia Android App

    Access to prime resources

    Downlod from playstore
    download android app download android app for free