Question

Demand is effective desire due to

Answer 1

Answer:

“Demand means effective desire or want for a commodity, which is backed by the ability (i.e., money or purchasing power) and willingness to pay for it.” That is one should have the desire and capacity to buy a commodity and should be willing to pay its price to constitute effective demand for that commodity.

Answer 2

Answer:

$\huge\bold\red{ANSWER}$

In economics, effective demand (ED) in a market is the demand for a product or service which occurs when purchasers are constrained in a different market.The concept of effective demand or supply becomes relevant when markets do not continuously maintain equilibrium prices.

Know More:

What are the three elements of demand?

Demand may be defined as the quantity of a commodity that a consumer is able and willing to buy, at each possible price, over a given period of time. Essential elements of demand are Quantity, Ability & Willingness, Prices and period of time.