desire for a commodity this validates that a want


Desire for a commodity

This validates that a want or a desire doesn't develop into a demand except it is supported by the ability and willingness to acquire it. For example, a person may desire to own a scooter though unless he has the required amount of money with him and willingness to spend that amount on purchase of a scooter, his desire will not become a demand.

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Managerial Economics: desire for a commodity this validates that a want
Reference No:- TGS0330070

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