CA Foundation Business Economics Study Material Chapter 2 Theory of Demand and Supply - Introduction to Demand Meaning of Demand In ordinary speech, the term demand is many times confused with 'desire' or ‘want’. Desire is only a wish to have any thing. In economics demand means more than mere desire. Demand in economics means an effective desire for a commodity … [Read more...] about CA Foundation Business Economics Study Material – Introduction to Demand
Theory of Demand and Supply
CA Foundation Economics Chapter 2 MCQ Questions Theory of Demand and Supply
CA Foundation Economics Chapter 2 MCQ Questions Theory of Demand and Supply MULTIPLE CHOICE QUESTIONS Law of Demand and Elasticity of Demand 1. Demand in economic sense means- (a) mere desire for a commodity (b) mere ability to pay price of the commodity (c) mere wiling to pay the price of the commodity (d) desire backed by ability and willingness to pay for the … [Read more...] about CA Foundation Economics Chapter 2 MCQ Questions Theory of Demand and Supply