Economics · Demand and Supply
In economics, the effective demand for a commodity comprises which of the following elements?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Capacity to buy only
- 2Willingness to pay its price only
- 3Desire, ability to buy, and willingness to pay the price✓
- 4Desire for that commodity
Correct answer
Desire, ability to buy, and willingness to pay the price
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