Give reason of all desires are not demand
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All Desires are not demand This is because. In Economics demandmeans a desire which is backed by ability to pay and willingness to buy and desire to pay at a given market price.
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pandeyamarnath899:
The desire for housing always exceeds the supply because there is always some segment of the market who is unable to obtain home ownership due to the cost of housing and a lack of available credit. True demand is the amount of money those with the desire for housing can raise to put toward the purchase of real estate.
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