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“I want a car but do not have money to buy it.” In economics, this statement refers to ______.

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Question

“I want a car but do not have money to buy it.” In economics, this statement refers to ______.

Options

  • Demand

  • Supply

  • Consumption

  • Desire

MCQ
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Solution

“I want a car but do not have money to buy it.” In economics, this statement refers to desire.

Explanation:

Without sufficient funds, it is only a desire and not a demand.

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