Question

All wants of an individuals are not of: (a) Equal importance (b) Immediate importance (c) Fixed importance (d) All of the above

Answer 1

A) They would not all be of equal importance.

Answer 2

The correct option for the following question:

Ans- Equal importance.

Argument:

            Not all wants of individuals are of equal importance.

Different wants have different degrees. For a lower-class man, his desire to feed his family or his desire to send his child to school is higher than going on a fancy international vacation trip.

The degree of an individual's want depends on his socioeconomic status and on the situation when and where his want is arising from.