Which of the following refers to demand?

The willingness and the ability to buy commodity

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Shortage of a commodity

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Want satisfying power of a commodity

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Surplus of a commodity

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Solution

The correct option is C The willingness and the ability to buy commodity
The willingness and the ability to buy commodity backed with sufficient purchasing power refers to demand. The desire and the sufficient purchasing power- both ar needed to generate a demand of the particular commodity.

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Q. Satisfying power of a commodity is referred to as ________

Q. Demand is the quality of a commodity that the consumer is able or willing to buy.

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Which of the following refers to demand?

The correct option is C The willingness and the ability to buy commodityThe willingness and the ability to buy commodity backed with sufficient purchasing power refers to demand. The desire and the sufficient purchasing power- both ar needed to generate a demand of the particular commodity.

The correct option is C The willingness and the ability to buy commodity
The willingness and the ability to buy commodity backed with sufficient purchasing power refers to demand. The desire and the sufficient purchasing power- both ar needed to generate a demand of the particular commodity.