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Desire to acquire some goods without the ability to purchase these goods ______. - Economic Applications

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Question

Desire to acquire some goods without the ability to purchase these goods ______.

Options

  • Demand

  • Supply

  • Want

  • Price

MCQ
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Solution

Desire to acquire some goods without the ability to purchase these goods want.

Explanation:

A want is simply the desire to have goods or services without the ability to buy them. Demand, however, exists only when the desire is supported by the purchasing power to buy the goods.

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