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Question

What is the notional demand for a good?



Your Answer
A

Aggregate supply of services at market equilibrium

Your Answer
B

Purchasing power of goods in the market

Correct Answer
C

Aggregate quantity of goods demanded at market equilibrium

Your Answer
D

Desire to purchase goods in the market


Solution

The correct option is D

Aggregate quantity of goods demanded at market equilibrium


Notional demand for a good is the aggregate quantity of goods which would be demanded if all the markets were in equilibrium.

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