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Byju's Answer
Standard XII
Economics
Transaction Demand for Money
Desire means ...
Question
Desire means demand.
A
True
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B
False
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Solution
The correct option is
B
False
False. D
emand is a desire to buy commodity backed by the ability to pay and willingness to buy a commodity.
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Similar questions
Q.
All desires are not demand.
Q.
Mere desire is not demand.
Q.
Demand = Desire + ___________ + _____________.
Q.
Distinguish between 'Desire and Demand'.
Q.
State whether the following statement are TRUE and FALSE
1. Demand curve slopes upward from left to right.
2. Desire means demand.
3. When demand increases, the demand curve shifts to the left.
4. Quantity demanded varies directly with price.
5. Law of demand is explained by Prof. Robbins.
6. Individual demand is a demand by single buyer.