Question

Demand = Desire + willingness to purchase + _________

1 Ability to not pay
2 Ability to repay
3 Ability to pay
4 Demand repaid​

Answer 1

Explanation:

Demand = Desire + willingness to purchase + ability to pay

Answer 2

The correct answer is Option(3) Ability to pay

• Demand means the number of goods the consumers want to purchase.
• There is an inverse relationship with price.
• If a rational consumer is willing to buy a product, then he\she must have the ability to pay the price of the product.
• There is no case of repaying and not paying in the theory of demand.
• Demand and Supply are opposite in nature, demand is negatively proportional to price.