A man wants a car badly but has no money at all. Economists say he has…

Question

A man wants a car badly but has no money at all. Economists say he has no:

Accepted Answer

B. Effective demand

1. He cannot actually pay for the car.
2. A want with no money moves no market.
3. So there is no effective demand.
_Source: OpenStax Principles of Microeconomics 3e, Chapter 3, Demand and Supply._

Answer

Early payment

Answer

Elastic supply

Answer

Even discount

A man wants a car badly but has no money at all. Economists say he has no:

Keep practising Demand Supply and Equilibrium