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Question
The formula for demand can be written as ______.
Options
Demand = desire + willingness to buy + ability to pay
Demand = price × quantity
Demand = income – wishes
Demand = wants + supply
MCQ
Fill in the Blanks
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Solution
The formula for demand can be written as demand = desire + willingness to buy + ability to pay.
Explanation:
This formula summarizes what transforms desire into actual demand.
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