Question

what is the effective demand.....???

Answer 1

Answer:

In economics, effective demand in a market is the demand for a product or service which occurs when purchasers are constrained in a different market. It contrasts with notional demand, which is the demand that occurs when purchasers are not constrained in any other market.

Determination Of Effective Demand. The level of employment is ascertained at the point where the aggregate demand price equals the aggregate supply price. ... This point is called the effective demand and here entrepreneurs earn normal profits.

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Answer 2

$\Large{\underline{\boxed{\mathfrak{Answer :}}}}$

$\large{\underline{\textsf{Effective Demand :}}}$

Effective demand refers to the willingness and ability of consumers to purchase goods at different prices.

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